I'm currently doing this with MeshCAM
That's some critical information. Not sure what you're part looks like, but it appears to me that MeshCAM is the wrong tool for that type of part. A 2D CAM program could give you much more efficient toolpaths, that would probably reduce machining time by up to 75%, maybe more. With MeshCAM, more than likely, you probably ended up with a lot of plunging, which is bad with your downcut spiral. And the rough cuts that I thought were play in the machine, were probably due to MeshCAM's roughing toolpaths.
You didn't show a picture of the bit, but did it have a lot of plastic on it? It's pretty hard to break a 1/4" bit in wood, unless you get it pretty hot. But normally you'd see a lot of burning, and I don't see it. So if there was plastic on the tool, then there's a good chance that's the reason it broke.
I've been a MeshCAM user since the very first beta, and am also a moderator on the MeshCAM form, so I have plenty of experience with it.
Can you show a pic of your part? Were you going to use a ballnose bit for your finishing passes?