Not entirely true. I have had a knee mill in my shop for 30 years with no noticeable wear on the ways. As long as the way-wipes are in decent condition you shouldn’t have any problems. I do most of my wood “milling” in the 700-1200 RPM range. It cuts just fine.
My bench has 30+ mortise & tenons, all cut on the mill. (see very old pics) I think a dedicated mortiser would be much faster, but mortise & tenons are certainly doable on the mill.
A conventional knee mill, if you know its capabilities, is very handy in a wood shop.
JMO