Follow up from original poster:
Started my vise handle project.
Material is roughly 5.5in wide x 3.5in tall x 3/4in thick aluminum. Hand slot is 1in wide x 4in long. The carbide router bit is 3/16in radius.
I used a 1in end mill to cut the slot taking about 0.050in per pass. Neglected to take a finish cut along the sides. Was surprised at the chatter on the long sides (hey, I'm a newbie).
After milling the slot, I put the router bit in a 1/2in collet on my Bridgeport, and started taking shallow cuts as I VERY CAREFULLY worked the aluminum around the router bit manually.
As expected, it was quite grabby and chattered a lot, particularly in the round ends of the slot. I don't think I'll be using that approach again!
Using this dubious method, I radiused the top edge as well as the ID of the slot and it feels quite good to the hand.
Don't own a router table, and don't know how to "stair step" around the ID of the round ends of the slot with X,Y controls on my Bridgeport.
Next step is to fit the pegs.
I've been arguing with myself as to what type of pegs to use. It looks like the original handle had aluminum pegs but am concerned that if the peg holes are too tight that aluminum pegs could gaul and seize when pressing them home.
I'm also not clear on how tight the holes should be for an "honest" press fit with steel pegs. Nor am I clear on how to "achieve" this fit. Drill a standard hole, and turn pegs to fit on my lathe (have a taper problem on my lathe), or drill a standard hole then buy some plus size gauge pins for a press fit, drill and ream to fit a standard peg, or drill and tap the bottom edge of the handle for set screws into the pegs, etc,etc.
Suggestions gratefuly received.