Man, 400 ipm and basically one pass. That's cool. I usually run in the 200-250 ipm range and 2-3 passes, LOL. I think I have my plywood chipload setup somewhere around 0.01"-0.012" depending on species of the veneer. I build furniture though, so I usually try to pick something that keeps good chipload and little to no tearing. Maybe I'll try something a bit more aggressive on the next shop project and see what happens.