I too am a CNC programmer, and yup, MasterCam kicks butt.
I'm curious as to what software you use for CAD. I use Vellum 3d, and am learning Solid. I've done a few different bodies, a homage piece, and a couple new designs.
I am working on a non-reverse Thunderbird, done up bolt-on style...and I found some good dead-front pics online, bitmapped them, created spline points off the outline, scaled said points to match my part-fit requirements, and converted them to IGES for MasterCam Mill7 software (still waiting for an upgrade to 10, grrrr) and then took the spline points and re-created the body shape with 3-point arcs, to minimize post-proc. line code... I know that's a tad archaic and basic, but hell, it's all learning curve, as I have yet to get to good renderings.
Most of the work I do only involves 3 axis, so when I'm more proficient at Vellum solid, and someday our machines are updated, then I can do better parts (i.e. necks)
I use Heian and Thermwood Machines, and Fanuc control.
My body came out fantastic, btw...so it is possible.
I'll post pics of it sometime.