I see. In that case, maybe you do not need a slot in the disc. The slot is in the rectangular plate and you need a rectangular protrusion on the disc.Perhaps you though of doing a slot to locate the rectangular guide, but you don't need this in metal. It can just screw on. Clamp the metal bar, of a width to run in the slot, tightly to the disc. Drill through both in two places with a drill of the right size for tapping a countersunk screw. Release the clamps, tap the holes in the disc, drill out the holes in the bar for a close fit on the screws, countersink them. You need a drill press to do this accurately enough.
You can make a slot in the rectangular plate without milling. You get two rectangular plates about 3/8" thick and fit them to the frame so that the gap between them fits the bar (3/4" conventionally). File them to be flat (checking against a flat surface with engineers' blue), starting with cross filing, flattening with longitudinal filing and finishing with draw filing. Then fix them on the frame at the right gap.
You'll learn how to file, though I admit it is 60 years since I did this!
Keith