Hi Dom,
Resin gets syrup-y as it cures. I’m afraid it’s not going to work well for you to try to remove some of the resin as it cures. You can, however, cast a large block of it and grind it off later. I would recommend a polyurethane (first choice) or a polyester (second choice) for this purpose. I wouldn’t suggest chipping the resin away as it will be hard like glass. I don’t know that you will be able to do it without creating cracks throughout your entire piece.
Once the resin has cured, you can grind it and work on with tools. It will do well on a lathe as well.