Hi Joules
Sorry for disappearing for a bit.
I see what you mean about the z nut. The rest of the machine actually came fairly well adjusted but I didn't check that, I was too focused on the gibs - in fact, I'm sorry to say it took me a little while to get my head around your suggestion. It definitely seems worth a try and I'll let you know if/when I get the chance and what the results are.
I am quite new to milling but the other axes seem smooth and solid to me. Significantly better than an X2 I've tried, and it seems rigid too. There is backlash but it's not excessive and is yet to bother me; I've never handled a machine with zero backlash and the feel of it is fairly clear (if that makes any sense at all?). I must admit the only vaguely tough job I have attempted so far is taking the skin off a fairly nasty iron casting with one of Arc Euro's 30mm carbide 2-insert face mills. Not much vibration, though the finish wasn't as nice as I'd hoped (probably due to all the gravel!). The motor seems strong and fairly quiet - I can run it without offending the rest of the family (the machine's a house pet, I have no garage or shed here) which is a big plus for me. 500w brushless, but it seems to be rather more powerful than the 560w brushed motor on my lathe, especially turned down low.
That said, I'm not confident to recommend it because I'm a newb and I'm not sure how I will feel about it when I get used to it... at the moment I'm fairly sure deficiencies on the part of the operator exceed those on the part of the designer, but that doesn't mean the latter aren't present! It is abundantly clear that it would be useful to a lot more people with 2-3" more column length, but that's ok to me right now and for a while to come. It's certainly better made than the really low-end machines, but costs too much to buy as a "project" expecting to do major works to - I won't be anyway, because I think it would be daft to mess with before I know it inside out. Maybe it's spot on for you, but I suspect there are more sensible compromises for a lot of people. (A bit more money will buy you an SX3 from Arc Euro, but I wanted something smaller but not very much less solid. That narrowed the field down a lot.)