Once you have a mill you will most certainly use it for other jobs also. Guard slotting is a very small task and most other projects require much more horsepower and mass.
Just drilling and milling out an eye on a 1" thick hammer is far too much for a mini. The mid size dovetail column Grizzly is what I use and definitely would not want anything smaller.
Making your own tooling is the other adventurous part of knife making. It's far more possible with a mid to full size mill.
My first lathe was a mini and I found out real fast that was a mistake.
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