The best replacement for milling machine is lathe.


The best alternatives to milling machine are rated as following:
★★★★★  lathe
★★★★  drill press
★  cnc router
  horizontal milling machine
  turning machine

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Speaking about milling machine, one probably shouldn't forget about rotary table.

Other search terms related to milling machine and their ratings are:

★★★★★ rotary table
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milling machine
lathe
drill press