Hi Lukey
I agree, I think the 1Nm motors will work, but might struggle on anything but very gentle cuts.
The things you are missing from your kit IMHO...
a good set of 1/8" or 1/4" parallels (often come up on ebay)
a dial gauge indicator (for setting your vice square to the bed and your spindle vertical)
for more info and some good tutorials on setting up and using a mill go look at videos 4 through 7 of the MIT Machine Shop series
If you're in Europe why not come and visit the UK CNC Community at http://www.mycncuk.com