People can make a hob without a lead angle with just the rack form and do what Jason has shown. Hardened etc silver steel. It wont work too well on low tooth counts. That needs both parts to mover relative to each other.
The button method can be used to get a pretty accurate tooth form and also used to make multi tooth cutters.
I vaguely recollection that it was Tubal Cain who mentioned another way of keeping costs down. Don't buy the entire set of cutters. As the forms get modified and aren't perfect just close using a lower count cutter above it's range should be ok IMHO as that is how I would go about it. Where things start getting daft is at the lower tooth counts so if cutters are being bought do it on the basis of the lowest tooth count you need to make. I think TC mentioned it on the basis of buying a 1/2 set.
If you want to do a Neil I would suspect that a nice hefty acme or these days trapezoidal tap is a better option but with the blank gashed first and the edges thinned down. Not sure by how much but would suspect about 1/3 of the diameter of the tap. Maybe 1/2 tops. The ones that are on my Dore Westbury and dividing head were made like this but sadly the person who sold me the miller wouldn't part with the thing used to do it.
When buying propa cutters metric may well work out cheaper. As Rod has noticed. Plus some metric ones happen to have a circular pitch that works our rather nicely in imperial.
John
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Edited By Ajohnw on 30/12/2016 19:32:09