When I got my new Haas VF-2 in August of 2009, I put Blaser Vasco 1000 in my sump
http://www.blaser.com/index.cfm?type=start&navid=48&land=us. It has been there ever since with no issues. It is a vegetable oil based coolant and is a little pricier than other coolants I looked at. I have frequent periods of inactivity in my shop and can go a month between times I start up my VF-2. Still, it has been great coolant for me. I now use it in my CNC lathe and my cutoff bandsaw too. When I first got the lathe I put Liquid Ice in it. That coolant stripped the paint right off. No issues like that with the Vasco 1000 in my VF2. No rust issues at all except for some staining under my vise if I leave it in place for extended periods of time. To date I've used about three 5-gallon pails.
I did two things at the recommendation of those who know more than I when I put the coolant in my new mill:
1- I installed a Zebra Muscle Coalescer to keep my coolant clean
Muscle™ Coalescer - Economical, Portable Coalescer for Separating Oil from Cutting Fluids. Works like a champ. When I look in my sump the day after a lot of machining...it just looks like pure milk. No oils, no debris, nothing but perfectly clean coolant. Get the model with the "Sumpster" not the "Hammerhead" for the pickup. Pricy but worth it for the hassle free coolant care.
2- I installed a "Chip Trap" to keep the fines out of my sump
Chip-Trap Coolant Filter Systems. Even after nearly two years of use there is no sludge or layer of crud in the bottom of my sump. I got the F15DF model Muscle Coalescer. That includes a "fine stopper" filter. Kind of redundant with my use of the Chip Trap, but no crud in my sump so I'm OK with it.
At least when I got my Blaser, they had a promotion where they would fill the sump of your new CNC machine with the coolant of your choice. That equated to a 5-gallon pail for my VF-2. I don't know if they are still doing this, but if they are it is a heck of a deal. Ok, at least according to these guys Blaser still has the promotion:
http://www.machsys.com/index.php?option=com_content&view=article&id=908.
I'm not affiliated with any of the companies mentioned here. Just a satisfied customer.
Eric U