If the object to be engraved is symmetrical around the long axis, the only problem with a direct drive from a stepper would be overcoming inertia. That could be a problem, for example, with the new BCL grayscale capability because they use velocity to change burned density. If one is rotating drinking straws, no problem but if one were rotating a baseball bat, it would probably be a problem. Having a reduction setup to increase torque would almost be mandatory I think. That said, I am not certain you wouldn't need a larger drive circuit matching a larger stepper to rotate the object.
If the object were not symmetrical around the long axis, then a reduction setup would almost certainly be required for more than a drinking straw . . . you get the idea.