I'm with Andrew on these arbors, there isn't enough support to do a proper job.
I know is using tools to make tools but a decent home made arbor is not that much rocket science. Also make a series of support washers of different diameters.
You only need enough saw showing to do the job, if the rest is sandwiched between two decent washers it supports the saw and helps get a straight cut.
In Art Fenarty's Gearotic program it was originally coded to cut a spur gear using a normal end mill by making repeated passes whilst moving the blank over and dropping the tool so it cut a series of flanks. basically a poor man's Sunderland planer.
Biggest problem was on small gears it needed small cutters which as every ham fisted bloke knows are fragile.
I got Art to give the facility to cut on the side as opposed to the top using slitting saws. Problem there though is a very fine saw say 10 thou wide will cut a slot but won't want to do a side trimming cut, just deflect off the path.
In tests I was using a 10 thou saw with cheek plate washers that allowed just 40 thou of tooth to show and this was then able to side cut a 64 DP gear