2" Foam Carving (Bit Clearance Height)

Hey Everyone.
I ordered this bit:

And would like to start milling 2" foam.

One thing is though, it seems I may not have enough clearance to pull the bit all the way up above the 2" stock.
Has anyone had this issues?

I notice @NeilFerreri1 answered my earlier question that cutting foam was possible

But I’m wondering if anyone has any clearance related insight.
Thanks very much.