I'll give you one other option you may want to consider. It's not the fastest method, but is very easy, and works extremely well:
Use round bar stock, mounted vertically in a 3-jaw chuck mounted to the table. This allows you to machine 5 sides, then use a slitting saw to part it off. After doing one, use G52 to shift the Z origin down, and you can cut another one. I use this method often for cutting small parts that would otherwise be difficult to hold, and/or require turning the parts over part-way through machining. I can typically get about a half dozen parts from a single piece of stock, the limiting factor typically being the rigidity of the setup when the stock is at its longest. That can often be overcome by just using conservative cutting parameters.
Here's a part I used this method with just a few days ago:
http://www.cnczone.com/forums/attach...0&d=1441401980
Regards,
Ray L.