you probably already know Boris Landonis post about his “official” CNC mod of the 3drag/K8200. As you can see, it is possible to engrave PCBs with the printer, however, I’d like to suggest a few upgrades or possible pitfalls:
the M8 Z rod is prone to backlash. Not a problem while printing, but really bad for CNC when precise downwards movements are a must there.
X and Y are belt driven, which results in high speeds, but low force. For engraving of “soft” materials, it is obviously ok (Boris mod), but milling deep cuts etc. would be a different story …
Switching the Dremel from the controller board requires some changes in hard- and/or software. The E stepper driver and both heater outputs would be free to use in such a configuration.