I actually hate working with the brown stuff, but when push comes to shove, I just attack it as though it is a piece of aluminium, using my regular tools.
Razor sharp tools and fairly high speeds (1200 to 1600rpm) are the order of the day. I find I can work to near enough perfect size. No chipping at all, no matter what wood it is.
This is from a folding guitar that I designed and made earlier this year.
I even got the honour to make the base for Stews new over crank engine, because of him being allergic to certain wood dusts.
http://www.homemodelenginemachinist.com/index.php?topic=14847.0
Again, no problems at all. A standard flycutter, ball cutter and endmill were used, all hss, but again, razor sharp. This was red oak, normally, so I am told, very bad to machine.
My tooling didn't seem to think so. A light sanding and a coat of cellulose sanding sealer was all that was required to finish it off to a nice satin sheen.
So personally, I would suggest you have a go with what you have first, if it works, great, if it doesn't, try a few other methods that have been suggested.
John