Thanks for your message. Your extensive 5 axis CNC experience will definitely add to this discussion and we're essentially going to be using the NC for the same purpose, so I'm glad you're onboard!
I have not tried using a touch probe for reverse engineering, but on occasion have sent pieces to friends who have 3d laser scanners. I've found that unless it's a naturalistic design that doesn't require a lot of clean up of the model in a CAD program, it's sometimes not worth the time it takes to get something usable, but when the scanned design fits the purpose, you can get some pretty amazing results. There are also artists that specialize in hand-carving large clay models from your 2d artwork/design specifications and then provide a 3d laser scanned digital model (stl) for you to scale down and incorporate into a CAD jewelry model or to mill as a completed design. It's a very cool process combining hand made art and 3d technology.
You brought up an interesting idea with PMC, but unless I'm misunderstanding how you plan to use it, I'm not sure it would be the best material to use with CNC, since it doesn't retain a lot of precise detail when fired.
Regular jewelers wax can be milled and directly cast in precious or semi precious metal using the lost wax process. The level of detail CNC can produce is much smaller than can be cast and finished in metal, so I don't design any feature smaller than about 0.4 mm as a rule of thumb.
The initial metal casting is finished and polished for a "one off" piece or a rubber or silicon mold is sometimes made from the master model for mass production. A wax injector is used to fill the rubber mold and the lost wax process is repeated.
To answer your question, using CAD/CAM, I do custom designed jewelry for private customers, jewelry stores, and other jewelry designers and manufacturers, using a variety of CAD programs and a desktop CNC 4 axis CNC mill. I also signed up for another Kickstarter project, the Moonray 3D printer which is supposed to be shipped in December.
My version of ArtCAM (ArtCAM Jewelsmith 2012) does many kinds of toolpath strategies, but does not have true 5 axis capabilities. I mostly work off the rotary axis to do simple rotary axis toolpaths for rings, or indexed toolpaths on the rotary for 2 ( or more ) sided parts, milled from slabs of jewelers wax held in a 4 jaw chuck, supported by a tailstock, when needed.
Another technique using a ring holding fixture allows me to cut a ring through the finger hole orientation from a wax slab from two sides on the rotary (to cut detail on the sides of the ring) and then re-mount it on a fixture securing it on a milled center hub built into the CAD design, so as not to lose position, to mill the outer circumference of the design.
But as you said, the Pocket NC will change everything in terms of not having to manually reposition a model to approach it from different angles and positions!
Fast production is essential to my business work flow so I hope we'll be able to easily create 3 axis combined with A and B axis toolpaths with good efficiency in Fusion 360.
while im not in jevelry biz, I working with complex 3d models..
I like the solution with fusion 360..
im using meshmodeler and viacad pro has a version about 300 that can convert mesh models to real solids..
their method is similar, I say similar like retopology... averaging out sveral faces in one solid facet..
and probably exporting from artcam that way can be handled in pocketnc..
for modeling, I think beside hexagon, autodesk has the maya light for monthly 30 subscription.. that can make almost everything, even posing figures..
also some sculpting possib;le..