If you have a manual mill you can do it with:
5/16" endmill, plunging
7/16" endmill, plunging
23/64" drill and .376 Reamer
#24 or #25 drill and 5/32" Reamer
#31 drill and 1/8" Reamer
DRO or Dial Indicators
Tips:
Backlash sucks on table top mills and very few people rebuild the table feedscreews with ball screws or split-nuts. Even then, backlash is not awesome or near zero, it just doesn't suck. Get either a DRO kit or magnetic dial indicators (cheap) to track your XYZ movement and be creative with the magnetic mounts. I use two 2"x.001 indicators on magnetic arm mounts for X/Y and a 1"x.0005 indicator with magnetic back on the column for Z. They're all Harbor Freight or Shars brand (<$20ea) and I can move them back and forth from the lathe to the mill. DROs nowadays are cheap too, but involve some time/effort getting installed.
Most cheap vertical mills don't have a quill in the head to fed vertical; they travel vertical on the column bed. The columns on cheap benchtops can be adjusted left-right for putting the head at an angle, so you can square the column up perfectly to the X-direction... but the fore-aft column verticality is almost never adjustable. So even if your head is perfectly tram, the column bed is almost never *perfectly* perpendicular to the table. So when you traverse along the Z, you inevitably walk the y-direction a couple .0001/1 or something. Measure yours, know it, and you can work around it. Although not much on an AR lower is precise enough that this matters.
Table top mills are not rigid enough and these tools are too small of a diameter to attack the target dimensions directly. Nor do they climb mill more than a several thou radial DoC without walking/chattering/pulling the table, so just stick with conventional milling on finish passes. Dykem and scribe everything on the top of the receiver and hog it out leaving ~.025 or so...
then bust out the DRO/indicators and make a few passes to cut the pocket walls to final dimension.
Use reamers if at all possible on the FCG holes. If you're anodizing, you want to be .0015-.003 oversize to the print because the hole will shrink with the anodize build up. If you can't use reamers,
quality American made 135deg split point cobalt drills are the way to go (shars or mcmaster is great for small quantities, but shipping will get you so get everything on one order). Spot drill to prevent wander and make sure the spot is bigger than the drill bits dead space or split point. There's 3 ways to do the FCG holes; all the way through before milling the pocket, all the way through after milling the pocket, or drilling the holes from each side after milling the pocket. The last way is the best, but without a jig or $$$ DRO setup this is not practical. I prefer to drill the holes through the solid receiver before milling the pocket. If you drill after milling the pocket you can't spot-drill the backside hole, the tip can walk, and the nearside hole will wallow. don't tru to mill-drill these holes on a tabletop mill or they'll end up oversize.
Use a tight fitting gage pin on the front receiver takedown hole to establish your origin and a Dial Test Indicator to get the top Z-plane leveled.
If buying coated bits, make sure you get appropriate coating for cutting aluminum.