Yes, just my 2 cents,,the big panel bits are made to cut the panel in one pass but most take more than one pass the norm, so it's the same by using a 2 1/4 HP router,I will say making 3 cuts works the best, in that way if you have any burn marks the last pass will remove them...
You can get the big panel bits that come with 2 bearings, (small one and a big one) just for that job.
A 2.25 hp will certainly do the job. Wood species will dictate the # of passes.
My raised panel bits are all CMT with the set of 2 bearings. After using the bearings (which do a fine job) I found it simpler and quicker to adjust the fence for each cut.
'The true soldier fights not because he hates what is in front of him, but because he loves what is behind him.' G. K. Chesterton
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