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Any comments or ideas about this appreciated. I may even get off my backside and build a machine if there are no obvious snags.
Difficult, expensive, slow, imprecise, impractical?
I'll bet on at least one of those. After all, if it were easy and obvious, surely everyone would be doing it?
But give it a blast, see if you can make some sort of shape. A prototype wouldn't be hard to make, and then you can see if the end result is any good. My opinion is that as you increase speed, quality will fall dramatically. And when you're measuring head movement in mm an hour, you may find it less hassle to do metal casting instead, given you can reprap or mill a nice investment instead.