If you are going to build your own and never have before, don't spend the extra for exotic woods or spine/weight matched shafts, or expensive fletching and nocks. You will probably bungle a few until you get your system and technique down. Start out with good old POC and regular bargain priced fletching. Also, don't plan on building a dozen, buy the components in dozens with the exception of fletchings; 3Rivers and The Nocking Point have them in half-dozen kits...and only build your arrows in sets of 3 or 6 until you figure out how you want to tweak them. Then finish up your dozen with the changes you will inevitably make.
After that you can try out different woods.
BTW, for POC or Larch (Tamerack) shafts, the El Cheapo 'pencil sharpener' taper tools work fine for around 5 bucks. And yes, the Bitz is worth the extra money.