I think you hit the nail on the head man. That is a very simple and easy design. I will be milling this on a drill press, Yea I know it not a very precise way of doing things but it will work. I am ordering the hall effect sensors now! Have you thought of milling it out of aluminum and mixing air into the epoxy, That way the epoxy would give a nice glow. Of course you wouldnt mill the hole for the LED, The epoxy would hold it in.