As always, thanks to everyone for sharing their knowledge. :tiphat:
I found time to mill a prototype (pics attached). The shorter (broken tip) punch is a $110 commercial. Overall, mine came out fairly well. Of course, form is only half the battle. Hardening and sharpening will determine how well it functions.
The annealed M2 was reasonable to machine. Not much more difficult than mild steel. All cuts were side milled with a used, 4 flute, 7/16", HSS, TiN end mill. It doesn't appear to have suffered undo wear. A new one should give a smoother cut.
As Tony predicted, I did get some chatter / stock deflection. You can see chatter marks on the rear photo. It wasn't bad once I reduced the DOC and my next one should be better. That was with conventional milling. The front face was climb milled and turned out smoother. If I had been smarter I would have made a fixture to clamp the stock at both ends. I could have milled two bits at once (tip to tip) and had less chatter. Maybe next time.
The rear of my punch has a step near the middle. Some commercial punches do, others don't. I believe it's a reference for mounting the punch to the correct depth. It doesn't seem necessary and I may eliminate it.
Syaminab, it was me who used bad terminology. I called them bits. You are correct. They are actually punches. My bad.
I believe I understand the 7 degree grind now. I'm not sure how you would actually accomplish it. Maybe using a narrow, small radius wheel and grinding in three directions. That one may be beyond me, but I do get the reasoning. With the equipment I hope to use, the V grind might be achievable.
Tony, you have far more experience than me, but I'm going to disagree on something. Maybe it's a terminology thing or maybe I need some of that good learnin'. When you are conventional milling, I believe the forces on the end mill are larger, but they are mostly parallel to the cut. The end mill deflects mostly rearward. With climb milling, the overall forces are smaller, but they are more perpendicular to the cut. That can cause the end mill (or part) to deflect sideways and give a less accurate cut. And of course there is the backlash issue. Am I wrong on that? Oddly, I did get more chatter with conventional milling in this case. There is a nice diagram of the forces at this link.
http://www.cnccookbook.com/CCCNCMillFeedsSpeedsClimbConventional.htm
Phils69, thank you much for the grinding offer. For now, I think I'll pass... unless I don't come up with a grinder soon. I kind of want to learn this... and then there's your steep $0.99 fee.
I'll be making at least one more prototype. Unfortunately, my muffle furnace thermocouple took a dive. It will be a week or more before I can harden them.
Any suggestions on a brand of universal grinder or what to avoid? What do I need to look for... or look out for?