A 3-axis milling machine is going to be pretty much necessary for solid handles. And when you say milling machine, get your wallet out. Even used, we're talking $5000 and up, way up, oh, that that's without the 3-phase electrical service. Plus, it weights in at upwards of 10,000lbs. Heck, just the vice that holds the work often ways several hundred pounds. Oh, and don't expect to turn out a decent balisong handle on your first try. Profesional machinests apprentice for years to learn to run on of these things.
The balisong handle has Benchmade has done them in the past is a particularly challenging piece to mill out since it tapers in two opposed dimensions at the same time and two of the edged are rounded. A friend of mine who is a master machinest looked at the handles on one of my BMs and said, "Wow, that would be a challenging piece to make."
Fortuantely, Aluminum and brass are both pretty easy to work and balisong handles are pretty small parts. You can get some really cool little table-top milling machines for less than two thousand dollars. They weigh only a couple hundred pounds, plug into 120V power, and while you're gonna need some training and practice, they're not too hard to learn. Even so, a complex handle such as even a Benchmade 42, will take some practice to make.
This one would be perfect for balisong handles in aluminum and brass.
Your other option would be to make 'em Filipino-style. Start with bent sheetmetal for the liners and then add bolsters and inserts of your own choosing.
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Chuck
Balisongs -- because it don't mean a thing if it ain't got that swing!
http://www.balisongcollector.com
[This message has been edited by Gollnick (edited 10-18-2000).]