Hey Scott, welcome to the community..
I've got the big Milwaukee in my table. Have had it there since I bought it. I can't speak to its use as a hand held router, but I can tell you as a table mounted router, its one hell of a fine router. In the 6 years I've had mine, I've never had a problem of any kind. Always plenty of power, even on hard maple and hickory. Always a nice clean cut, but thats more the bits than the router. Noise is marginal as is heat buildup. Collets are of an excellent design. I have never had a problem getting a bit in or out of either the 1/2 or 1/4 in collets. I do routinely blow em clean. If she were to crap out on me tomorrow, I would not hesitate getting another exactly like it.
I"d take sticks advise on the 1/8" bits depending on what you may have in mind for their use....