Almost made it! This is an oldie, but goodie. Yep - that's a 2x12. Two sided, created a path around the pattern, and set it so that there was 1/8" remaining once both sides were carved. Finishing the cut was simple with a jigsaw. I think the carve was longer than it would have been with 1.126 (used 1.30), but it didn't miss a lick, and I found it to be smoother than with the older version.
Will post pics when finish is done (painted silver, letters in black).
Regards