Set up a DTI on the bed with plunger on the back of the slide's aperture and wound the cross slide back and forth as far as I could. If flickered within plus or minus 0.0015 - good enough!
@Jason if you're reading this: I had brain fade previously when I said the protrusion at the bottom of the slide would hit the casting... I was looking at the compound casting which obviously has to be removed

It'll take some fiddling around to try to get a 45 degree cut due to the limited travel of the cross slide but it might be possible.
This pic shows a few test cuts in bits of scrap, a ~6mm deep 3mm slot in brass (did a shallower slot in some steel as well), a cut at about 20-30 degrees just to see what it was like and a bit of milling using the side of the endmill. No dramas although my arm was really aching after cutting that slot as I had everything tightened down including the gib strips maybe a bit too much.
I made and hardened a little centre/pointer to go in the chuck. For this slot in brass I tried to align this centre in a hole in the end of the brass but I obviously didn't get it quite right as the cut slot isn't properly centred - probably better to use a finer scribe-like point to align with a scribed line on the end of the rod.