Awesome find! I started out with a G0704 back in 2012. I did the HOSS CNC conversion and belt drive conversion after a couple years. Man, that was fun. I actually just sold the machine back in August to make room for a larger CNC.
Let me know if you want any specific advise relating to a machine that size: tooling, workholding, upgrades, etc and I can give you my perspective.
My main recommendation to start would be to ditch the stock stand. I built a heavy duty wood stand w/ adjustable vibration damping feet to replace it, and it made a BIG difference for me. I was able to get the machine to sit at a more comfortable height, it was more stable overall, and the wood helped damp vibrations - more important with CNC than manual machining, but still worth while.
Also, a small variety of 2 flute and 4 flute endmills in the common sizes up to 3/4" (center cutting, regular length, cheapo HSS), some spot drills/center drills, and a chamfer mill is a great starting point.
The drill chuck that came with mine had horrible runout, so I upgraded to a Jacobs chuck with a cheap arbor for about $80 on sale.
I felt like a 4" vise was just about perfect for that machine. I wouldn't go any larger. I used that for 98% of the work I did. The other 2% was held with a cheapo clamp kit.
Enjoy!
-DK
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