I'm curious how you plan to hold the part in the machine vise? A special pair of aluminum vise jaws? Machine it on top of a larger bar, then saw it off? That's one of the tricky parts of making a nut: how do you hold on to it while working on it?
I make up metal nuts for almost all of my basses, and for some other Luthier clients. Most of my own are aluminum, but I often make them from brass, and I've done a few in stainless. I usually make them so they attach down to the neck with a pair of 4-40 socket head cap screws, down from the top. That solves a lot of problems. I drill the two counterbored holes in the blank rectangular bar stock first. Then I use those two holes to screw the blank down to an aluminum holding block. That holding block clamps in the mill vise while I do any milling operations. I also clamp the holding block in the bench vise while hand shaping the outside with files. And I use the screws to mount the nut to a longer aluminum bar handle, to polish it on a buffing wheel. When the nut is finished, I fasten it securely to the bass neck with a pair of stainless 4-40 cap screws. The screws make the whole job so much easier.
My machine shop is old-school, but I have digital readouts on my mills. I usually draw up a custom metal nut in 2D AutoCad (LT 2000!), mostly to work out the exact spacing of the slots. I'll use the mill to locate the slots, often with just a small V-tip cutter. Not to the full depth, just to get the slots started. From there, I'll put the holding block in the bench vise and finish up the shape, depth and angle of the slots with standard Nut Files. Unscrewing the nut from the holding block a few times to check the depth of the slots on the actual instrument neck.
When the slots are all good, I put the nut on the longer handle block and shape the top contours by hand on a vertical belt sander. Smooth it all down with fine files, and polish it on the buffing wheels.
About the slot geometry:
In most cases, I cut the bottoms of the slots to 0.010" above the tops of the frets. That's a good nominal height for most basses. Going lower than that gets dangerous. If you plan to cut the slots completely with your mill, you need to get accurate measurements from the bottom of the nut shelf in the neck to the top of the frets on your Ibanez neck. I recommend that you mill the slots down close, but then get them right to the final depth with files, on the bass. Unfortunately, it's hard to repair the slots on a metal nut if you go too far.
Yes, the slots should be angled back, ideally at about 1 degree more than the break angle of the string. You want the string to kink slightly on the very front edge of the nut, and then almost rest fully down the length of the slot. That's the perfect geometry. In reality, most of us file a slight vertical curve in the slots, just to be sure we don't get an accidental buzz.