Hi Simon,
Julian's suggestion to join a boiler club is the best way to start your project. Your loco will have to be certified by a club inspector before it can run on their tracks. The 5" and 7 1/4" gauge for locos normally refers to the width of the rails, not the diameter of the boiler a 7 1/4" gauge loco has a boiler about 10" diameter, similar to that on my 6" Ruston Proctor TE.
Steel is a suitable material. Anti-rust treatment and storage procedures are used to prevent corrosion. Copper is better but more expensive.
I am in Australia and have to build the boiler to the AMBSC Boiler Code – Part 2 – Steel Boilers. A summary of the requirements are:
250-700 kPa (36-101 psi), Fire tube boiler – 50 litres max., Water tube boiler – 25 litres max.
Barrel diameter 4” – 14” Dia., Barrel thickness not less than 6mm
AS 1074 pipe fittings are not suitable (standard pipe fittings from hardware shop)
Good luck with your engine, Paul.
Edited By Paul Lousick on 12/05/2015 00:43:07