Bill, it will depend on your G Code which is the best method for your axis (angular or linear) however I would think angular will likely be the way to go for 4th axis carving work, especially if you are using CAM.
One thing you may be overlooking is the rotational radius setting (on Settings page), this can be set so that Mach will alter the velocity of the axis depending on the diameter of your rotational axis in your G Code.
I am sure there will be some info in the manual but more likely you will find info if you do a search on the forum for rotational radius or rotational diameter.
I have never used a 4th axis (except on a coil winder and I treat that as a linear) but quite a few here have and I am sure Ger21 often posts with advice, so if you do an advanced search for one of the afore mentioned phrases and have Ger21 as the poster I am sure you will find some useful info.
Hood