I am thinking of using OpenCV to find the position and size of a rectangular sheet placed on the table of a CNC router.
It would be something similar to what's described here, but with a larger table (3m x 3m), with two or three reference targets (instead of one dime) and with one rectangular shape (instead of a few pills or other objects).
If you tell me that sub-millimeter precision in the position of a 1m x 2m rectangle is impossible to reach, then I won't even try.
But if you tell me that there is a chance, please let me know what are the most critical part of such a system and I will give it a try.