I needed to make some very precisely placed holes in some existing furniture parts. After puzzling over how to make a jig on the drill press, it hit me: just use the milling machine instead!
It worked perfectly. I was able to place the holes absolutely centered and on target. The cross-sliding table was a godsend for being able to precisely tweak the position in thousandths of an inch.
For woodworking, you don’t need a very expensive mill. If you’d like to add this kind of capability to your shop, looked for a used Chinese-made mill. They’re not all that great for metalworking, but really fine for wood.