A few considerations.
I would stay away from using a Bosch colt as a spindle. At a minimum I would go with a 2-1/4 hp PC router. .
Maintaining a consistent spindle(router) RPM, is critical, as the relationship between the RPM of the cutter, and feed rate is a key factor for determining cut quality, bit life, accuracy, etc... Having more power allows you to set the router at a slower RPM, but maintain a more appropriate speed range while cutting more aggressively.
I am assuming the 2-1/4 PC router will take a 3/8" or 1/2" collet as well. I have a full sized shopbot, but even when I am cutting small projects that would fit on the desktop, I often use tooling with a 1/2" shank.
Michael Schwartz - Waitsfield VT
Shopbot prs standard 48x96. Aspire. SB Link.