RockFire - That will make FC, but is more work than it is worth for most folks. The strength is probably fine, but isn't an exact Baume concentration. Since FC powder is $7-8 a pound from eBay, it is really cheap to make an exact and pure mixture. Right now, 2 pounds is $15 plus about $10 shipping - $25 to make 1/2 gallon of stock solution, which will make two gallons of 3:1 etchant. In 5# lots, it is even cheaper.
Here is my standard recipe:
Mix outdoors and don't breath the fumes when it is dissolving. Wearing gloves and a face shield, is a good practice. Add the powder to the water .... never the other way around. Add slowly.
FC should be mixed to make a 42 Baume stock solution. You add one pound of crystals to 18 ounces of water to get this strength - one pound to one pint is close enough. Delbert Ealy, who knows a lot about etching solutions, suggests you let it sit for a couple days before use. Dilute the working solution from this stock . Three parts water to one part stock is what I use ( that is the same as Del's one pound to one gallon in his recipe).
If you are just making up one gallon, skip the stock solution. If making up a larger batch, one gallon of stock solution is easier to store than four gallons of working solution. For one gallon of stock, mix four pounds FC powder with a gallon of water.
The liquid will get warm/hot as you mix it, so add the powder slowly to the liquid in a large heavy plastic drywall type bucket. Add slowly, stir gently, keeping upwind. A fan running behind you to push the chlorine vapors away is a good idea. When the solution has completely mixed, cover loosely and let cool off before transferring into a heavy duty plastic storage bottle. Use a funnel and pour slowly. Pour over dirt or grass, as FC will stain concrete and can ruin deck boards (don't ask me how I know this

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Javand - Yes, I use warm FC to etch some stainless damascus, but when I want a good show in some alloy blends, diluted muriatic gives a better look. It etches whiter.