Depends on if you're asking a once in a while hobbyist user or a regular basis user. For a regular user, the 3.25 hp is the way to go, particularly if it part of your biz to deal with slabs. From distilling reviews and forum comments, a hobbyist can get by with 2.25 especially for the odd occasion and fine if you're able to take small bites and go as slow as needed to allow the router to run without undue load, watch it closely for overheating, and take breaks as necessary. It will be my method to use the makita 2.25 I just picked up today.So, using a Milwaukee 2 1/4 HP router, a 1 1/2” flattening bit is not too much?
I agree with everyone here that a 3.25 is the best option to spin a large dia bit that hogs off a lot of material and puts significant load on the bearings. I also agree with the others here, a lesser router can do the job if taking care. In my case I’ll go with the 2.25 hp, probably a 1.5” bit and start at lowest speed at a slim cut and tweak it from there.Often you can get a 3 hp router for 100 bucks, mostly because they are really only good to be in a fixed table or in a router sled.
Otherwise, they are too unwieldy for comfort. I have run 2- 3" bits and found the 2.25 or 2.5" bits seem the most manageable.
Regardless, I run them typically at the 2nd lowest setting and that seem to work for me.
Curious why a 2" bit if taking narrow passes? Easier/better for overlapping any slight ridges between the passes? When I used a 3/4" bit with my old PC, I did find tiny ridges at times so did a lot of repeat overlapping which was tedious even on the narrow boards due to the small dia.I just finished flatten a 48" round table top with a PC 690 using a 2" cutting bit. No problems cutting less than 1/8" deep and narrow pass cut.
The job went fairly fast. The trick is cutting narrow passes which makes the wood more flatter.