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Originally Posted by bobj3 Hi sawshop/Dan
If you can't use the 3 1/2" bits now, you may want to think about Vertical bits.
Or you can use a Fly Cutter to open it up to 3 5/8" . http://www.grizzly.com/products/h7537 http://www.grizzly.com/products/h5935
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Vertical, below http://www.routerforums.com/jigs-fix...uick-easy.html
Just a side note**** the panel bits don't need to go into the base of the router and because the panel bits always need to be used on a router table you can make spacer to drop the router down just a bit so the bits can spin free just below the top on the router table. 
1/2" thick should work fine for a spacer but the mounting plate for the router must be made bigger so the bit can spin also.
Bj  |
Thanks Guys
I had thought of a simple base that had 2 holes to except the plunge post but would like the bases to be interchangeable but may require too much to do so but have not ruled it out yet.
I was originally going to use a Vertical bit but was able to get the Freud raised panel with back cutter for very good price but the Vertical bit s are not so expensive & it would get me going until I buy a new router.
I plan on setting up the 3.5" panel cutter in the table & setting the stop on the router to restrict the cutter from coming in contact with the base & will look at your Idea of using a spacer at that time.
Thanks again Guys
Dan