An update, I cut down some 5/8 T-nuts to fit this 9/16 machine, so I put a vise on and did some test cuts. The surface finish is definately bad news. Also, no belts will make THAT bad of a noise. Also, it is clear that when in the cut, the bearings get loaded up slightly and you can hear the sound change quite a lot / it gets quieter when cutting. So, its gonna be a new spindle. I did know this when I purchased the machine, and got some $ off for it.
I have to admit that I am used to my 4020, which is pretty deluxe. So this smaller cheaper machine, makes me want to add back the features i am missing like rigid tapping, and the pozi-drive belt system. I did already buy probes for this machine and will install those. Probes are great.
Overall, to put this machine on par with my 4020 (except for power, and travels) it might cost like $7000 because I need a different inverter to do rigid tapping. If I get a new inverter, I may need to get a different motor too (10HP) because the inverters that do rigid tap, seem to be rated for 10HP. So I may just have to accept this machine for what it is and get myself some floating tap holders. Any good recommendations out there on which to get? I used to run a floating tap holder on my bport, that works, but you dare not program a blind hole closer than about 0.06" from the bottom. This means sometimes you have to finish tap by hand - wow what a pain and time sink.
For now though, I'll be biting the bullet on a spindle. It seems there is no cheap way to do it that is worth doing yourself - it's enough work to swap out a new cartridge on your own.
Anyone have comments on the available spindles? I am most impressed by ITS's according to their marketing anyway, and their price is lower than some. next in line would be fadalcnc.com's spindle, but they want $700 more in the end after the core charge with ITS.