For drill sharpening on my Clarkson, I use a cup wheel and a Reliance Drill Sharpening jig.
I'm sure its not as good as the proper Clarkson attachment, but these can be had for about £15-20, rather than £400-600, and I'm a skinflint. 
Mine didn't come with a universal head either, though I've since found some old J&S bits and cobbled one together.
In the short term to sharpen the cutters to make something more exotic, essentially all you need is a tubular hole which you can orient and lock in two planes.
For several years, I used a rear brake slave cylinder, bolted to a piece of substantial angle iron. The face that would go on the brake backplate already had a round register, so all it needed was a hole in the angle iron to suit and a couple of curved slots for the fixing bolts. A separate holder was made for each size of cutter to drop in the brake slave, indexing being carried out in the normal manner with a pointed finger on each flute.
Yes it was crude, but worked fine and allowed me to get the machine up and running quickly.
Have a look at TheBedroomWorkshop for information on more official methods.
It's the second time I've mentioned a slave cylinder recently, I'll see if I've still got it and add a couple of photos further down this thread.
Bill