bman I think the small mill with a little smaller saw is exactly what you are looking for. Like thompson 1600 said, you have to be aware of bar flex on the alaskan, but it is not to hard to master. Much easier and probably MORE accurate than a large mill that must be balanced on a small cant. I buy and use GB mills now. The mill clamps onto the saw at the bar mounting studs, and the bar is not clamped.
You can't buy a "small mill" like the grandberg. I buy double ended mills and split them in half. I then use my own excrusions to make two small mills that are stronger and more stable than the grandberg. They also adjust much easier.