Joe, Your kit plan sounds fine. I have a small drill press and the required taps but I'll need to pick up a 10-32 die. I think I have a nice piece of walnut that might work for the base. Ok Joe, sign me up..
Joe, Your straight key looks great! I would be very interested in the kit @$60 + shipping..so go ahead and put my name on the "official" list. This will be a winner - excellent idea! I'll put my money where my mouth is ..just give the word.