I just built my CNC Plasma table and there is a thread in the first couple pages about it.
I am currently using a Hypertherm PM30 I adapted using the CandCNC Multi Adapter kit.
Works fine, BUT remember piercing will be LESS than the Edge Start, Starting on an EDGE is not usually workable because the machine will not START until an "Arc Ok" is given from the DCP or the Cutter itself. If you try to edge start you would have to start right ON the edge and the machine will not be able to do a touch off to get the height. Which is required for automated cutting.
If you can't afford a Hypertherm Plasma take a look at the Thermal Dynamics (Victor) units. the Cutmaster True Cut are pretty good machines. Though consumables don't last as long and are generally higher priced.
the 42 or 52 should work for you. Depending on the thickness you wish to cut.
Tom and CandCNC should have an interface setup to work with TD as well as Hyt..
If you have any questions drop Tom a note at the e-mail on his website.
Also Ron at Precision Plasma LLC Both of these guys fully support their products.
All in all my 5x5 has about the same into it as Kazlx has in his 4x8.
My machine runs great!
First "production" cuts this is about a week after final assembly.
I cut a few Circles and a Square to check the accuracy and alignment
Engraving
The More accurate you build your table the more accurate your machine will be.
This one works pretty good for me.
I also picked up a "Supereyes B005" Camera from Amazon ($28) and the software from Sheetcam called "Scanything" WORKS GREAT! This is just a test but will be ultra handy when someone drags in a part they want duplicated or a pile of cardboard templates...