Hey Treven, Welcome!
I also have not done plastic yet, and I am curious...common sense says go slow maybe a cup of water handy to cool bit. I'd check thickness of TB in Groove area compare w/ chosen bit depth (1/2 of ball diameter) to beware of any breakthrough of bit.
Maybe I've missed something somewhere, I can't remember any posts on Plastic TB's. That is a cabled TB from the pics (thanks, pics always help) so straightforward no extra calculations...
I have started using a couple extras w/ the groove job, I slightly radius upstream entry into groove where bore wall intersects the Groove. I leave a slight raised edge at Groove exit downstream .IOW, I smooth/radius entry, leave exit alone unless any prominent burr needs a slight shave. I wonder if cutting plastic will want to leave a big ridge there...I'd watch closely for that possible sign of plastic melting!!
Can't help wondering if a plastic junkyard TB for practice would be good idea. Not absolutely necessary, food for thought.
Treven I admire your great attitude and post!! Thanks for joining Gadgetmanland, Keep at it, post any questions & pics, We are Interested in your progress and will help you...
Welcome aboard, Treven!
TracyG Gadgetman Reno