I have to mill 32 round pockets into an AL plate. The pockets range from
2.125" dia. x .180" deep to 2.625" dia. x 1.80 deep. This plate will be a
mold for injecting Urethane into thin wire wheel brushes that are used to
clean grooves and such. This encapsulating process is done by another
company that is a trading partner and good friends. They just don't have
much machining capability. In return, I get a hot stamping machine that I
have good use for.

Very much like this:
http://atdtools.com/8245

My first thought is to use a large end mill and do the center of the pocket
then enlarge the dia. with a boring head. Any other ideas?