Thanks @rodw & @PCW, I missed the message limit and delays on the ClearPath page (and of course their sales rep specifically suggested that the direct control would work perfectly for a CNC machine

). The Step and Direct was our back up plan, but without the direct control the ClearPath might not have an advantage over something like the Hudson series servos using a proper servo controller. My understanding is that we can plug our absolute linear encoders directly into most servo controllers for improved feedback. What is still appealing about the ClearPath and Step & Direct is being able to drop in a stepper if we want to control costs.
This leads me back to our design goals - I'm really looking to build a milling testbed, not just a working machine. I appreciate that LCNC is very lightweight, but I want to both make sure that hardware can be scaled and maintained. I might want to make a few dozen or more of these machines, and want to be able to keep parts available for maybe 4 years. Stability is important for us, so is the ability to run things on the side without too much worry.
I'm going to RTFM this weekend and get a better understanding of how LCNC works under the hood. I can do an install on one of the mini ITX boxes I have available, and I've got a pair of servos that I can play with, I'll come back with more informed questions next week.
Thanks again for all your advice!