i think if I'm understanding the question I see the problem. You need to divide the operations on the face up, which likely will require drawing/extracting "curves" on the face of the 3d model, facing if necessary, pocketing the recess, profiling the holes, drilling, profiling the whole part (not in that order necessarily). If I'm understanding what you want the facing operation to do it won't do it. Personally if I was using VM to do that part I would have just foregone the model and drew the 2D sketch, since it's all 2.5d operations anyway. VM isn't as intuitive at extracting processes from a 3d model as some CAMs. It's basically paint-by-numbers.
You might want to look into rhinocamgettingstartedguide.pdf (can't find the link right now or I'd post it). As you may know RhinoCAM's largely the same as VM, just with added features, and that pdf is the best doc on using VM that I've found thus far. The guys behind VM & Rhino, like many/most other CAD & CAM developers, don't seem to want to share any truly useful instructional info, preferring to sell instruction. And things like VM and Rhino are just quirky enough that seemingly obvious operations are painfully difficult to figure out on your own (speaking as someone who primarily uses Camworks, which is much more intuitive - at least for me now that I know it fairly well ).