Looks like a wood router to me. It may be able to handle some aluminum, but no way would it handle steel. The bearing set would not be strong enough, and there would probably be too much runout. There is an e-clip holding things in place, not something I would want to put a heavy load on.
Sorry to be the bearer of bad news, but you probably want to look elsewhere.
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When I buy a $1060,- spindle package, I dont want to have to replace half the parts of it to make it any good. Maybe I should look elsewhere.
