Not sure what the phrase panned means. Milk is a basic 3d program. It has move, rotate, scale, extrude, weld. The shapes you can select are box, sphere, geospere and cylinder. Yea it does not do booleans or splines but its 25 bucks and has 30 day free trial.
I just recently learned that milk will do I-maps but you have to use the alpha map for the I-map. Anyway have to try it out.
So the only thing milk will not do as far as making the model game ready is hard points. Maybe thats what you meant by people panning there milk models. Yea we need someone to do our HP's but that is no big deal. Oh also can't do break models. But if you copy your mod and rename it as a break and add some damage textures and put a hole in the hull. You get a ship that looks like it just had the crap beat out of it as it spins away.
Anyway I myself am looking to upgrade myself as milk can only go so far. For example the back end of a Constution would be very hard in milk. Though Atolm had a similar shape in his Mercury and piece it together using 3 parts. It looked quite good.
You do need to use something while you are saving up for max. Yup Gmax is your other alternative. It is max without rendering is what I have heard and its free. Harder still to get models into game though. If you do use Gmax you will have an easier transition to Max later if thats the way you go.
Good luck