What you said.
Actaully, it's best to find an older home shop machinist in this case. Preferably one who stood in a machineshop most of thier lives, is retired and is into model steam engines. Those are the guys who will slide you slivers of tips and tricks that will be useful to you later on. Most of the old guys will be more than happy to teach, you just have to want to learn.
Better hurry though, the old guys are dying off, literally. Most true all around, manual machine operators are becoming a thing of the past. A lot of machine operators are just that, operators. Load and push start. NOTE, I said a lot, not all. I know really good young machinists. It just takes 10-15yrs to become a master and by that time, your one of the old guys, HA HA.
Hey Rockinmoped, $40 for a milling job is great. Unless they just drilled a hole. But, if they milled the whole thing out for you and popped the bolt hole pattern for you, you got a deal. Most shops won't even start a job for less than that.
Edward, what the heck were you needing Babbit for? Refinishing an old machine's bearings?