I use the CNCRP four motor kit on my 3' x 4' steel frame machine with 5 start lead screws, and highly recommend it. Get the motors with 3/8" shaft and get the CNCRP or DumpsterCNC anti-backlash lead nuts for it. The 3/8" shaft has more gripping surface for anything that uses screws to compress the delrin or aluminum coupler onto the motor shaft. When Mach3 is configured properly the dual motor axis setup is generally very reliable. On my first attempt at using it I had a lot of problems and it turned out to be a wrong setting in Mach3. Both of my machines use dual motor X axis now and I wouldn't use anything else.
I have all of the tools that revwarguy recommended and they are all good recommendations. In addition, get a set of 135 degree split point drill bits. This type of drill tip will start cutting without walking around the rounded surface. Just use light pressure at the surface and increase pressure once it has made a small dimple in the material.
CarveOne
http://www.carveonecncwoodcraft.com