The Z axis is a linear stage assembly that I found on Ebay. I think it's from some kind of silicon wafer handling machine. I got two of them for ~$120 including the motors. I made the plasma torch holder from a block of aluminum, it's mounted on some miniature THK linear rails to activate the tip contact switch.
The control box is 12"x12"x6", should have been larger but it's what I had. It holds a Cosel 24V 15 amp power supply, A Mechatronics 4 axis driver board, a four output isolated relay board, E-stop relay, cut/drill switching relays, 5V power supply with 5 optoisolated input channels, Torch height control board, two fans, and front panel controls and indicators.
I can traverse at 200ipm. The X has trouble going any faster than that with these little motors. The Y will do 300ipm without any problems. I'm driving the motors at twice the rated current and 4 times the rated voltage, they don't even get warm. I'd like to push them harder, but I'm just about at the limit of the drivers. I haven't noticed any missed steps yet and it moves faster than my plasma cutter can cut, so I guess there's no need to change anything.