John Stevenson, checked the tube for what you suggested, and thats a modern way of making a spiral bevel gear. Now lets step back, i want to cut each groove, one at a time by the means of a single point tool or an endmill. =)
The old way of gearing the round table to the travel of the mill table is a bit trickier. I have seen some weird ass badly illustratated instructions for it in a photocopy for my aciera milling machine. But it made use of a custom gearbox and alot of other hassle. The same technique is actually used for cutting a spiral on a piece of round stock as well.
The math of spiral interpolation on a flat surface suggests that the linear travel synchronized with the turning of the round table would create radius rather than a straight line. When cutting that with a end mill you would end up with a groove, offset the workpiece a set amount, return to zero and then cut the next groove..
*googling cincinnati blue bound books now* =)