FWIW I designed and built CNC equipment for a living.
As for the Tormach machines, they use 3 phase, not 2 phase steppers, and use current sensing on the stepper outputs to give them a feedback mechanism, and an encoder to close the loop completely these drivers and stepper motors are better than the ordinary two phase kind that you find in regular hobbyist aimed gear.
https://www.damencnc.com/en/nema-34-closed-loop-stepper-syst...
They are properly classed as a hybrid servo system rather than just a stepper on account of that feedback mechanism.
I built a couple of 3d printers from scratch BECAUSE the various components were cheap and approachable. Haven't done CNC because my interests haven't taken me there...but the thing about advancement is: While one fella is saying 'You can't do it that way!' someone comes around and does it that way, and the first person is left in the dust.
You can't really stop Laser printers from dropping to many thousands of dollars to $70...all you can do is ride the wave.
In practice, hobby level machines don’t have near enough rigidity or spindle power to warrant high movement forces in the first place.
Nearly all of the hobby CNC machines on the market use open-loop steppers. They’re definitely not losing steps during normal operation.
The topic of steppers vs servos has been covered over and over on every hobby CNC forum for the past two decades. Closed loop systems are great if someone has extra budget to spare, but they’re unnecessary for machines using hobby-level spindle power.
This technology originated with the Berger-Lahr company in concert with an Italian driver manufacturer for five phase stepper motors, which were the first to be driven past this resonance point, the tech was then perfected and adapted to other, cheaper steppers as well.
So it probably does skip steps, but corrects for it
The encoders will tell you when to increase power because you're about to miss a step, the expected movement is lagging compared to the amount of input current. The current sensing will help you to detect tool strike situations before damage is done to the motors due to overcurrent.
They all boil down to commanded torque greater that the system is capable of delivering. Fix your design. Be suspicious of software trying to accelerate too aggressively under load.
I have cut a lot of metal on a Tormach PCNC 1100 Series 3 machine, with steppers. NEVER had an issue. Correctly designed stepper systems DO NOT miss steps.
That said, servos systems typically are capable of greater accelerations for a motor of a give volume and current load, because of the closed-loop control. Use servos for speed, not because you are afraid of skipped steps from a stepper.