I reached a milestone today on bike manufacturing. My friends were able to help me make a special chuck that can adapt the carbide hole saws I bought from amazon to the spindle of a mill machine. Here is a video of a test miter on some scrap tube.
This is a google drive link so you may need to copy the link into a new browser window to get the video to play.
This is the setup I will likely be using to miter real tube for the bike frame. The tube is held at the correct angle using a 3d printed tube holder, while some steel tube blocks allow the vice jaws on the mil table to grip the tube without crushing it.
My prior miters were done a lathe, a mil has the advantage though that it is easier to align the centers of the tube and hole saw. Compound miters such as seen on the down tube of most bikes are also easier to do on the mill since the four sides nature of the tube holder blocks allows the tube to be rotated exactly 90 degrees without meticulous measurement.