Just sort of thinking allowed here,
I need to have a 3 step flat belt pulley at some point in the future. The dimensions I need are a bit odd (1" wide steps, with diameters of.4.25", 3.25" and 2.25", Plus it needs to be bored for a 3/4" shaft) so eBay hasn't popped anything near the right sizes in all the time I've been looking,
I'm resigned to the fact that I'm most likely going to have to make it myself, and I'm gonna need a pretty big/expensive slug of steel or aluminum to do it……… But am I?
I played with the idea of laminating several ply discs together and turning them to the right size steps, But making a part to use with a metal lathe out of wood just feels all kinds of wrong to me, So I started thinking about what other materials I could use.
Due to me wildly overestimating quantities needed for a little project last year, I've still got one and a half large (2kg?) tins of Isopon P40 glass fiber filler doing nothing in the garage. 
I'm thinking I could make a slightly oversized mold that would also hold a thick walled 3/4"id steel pipe squarely down the center, pack around it with glass fiber filler, then turned it to size (While wearing every item of PPE I own to keep glass strands out of my eye's, lungs and skin.
). Balancing it up shouldn't be too difficult, But I'm wondering what the chances are of it surviving the 400 or so RPM it would see in use when running flat out?
I'm pretty sure it would hold together for the long term (Despite all the vibration and shock loading when I do something stupid with the cutting depth), and if it would work it would pretty much cost nothing to make because if not used, in several years time the filler would probably end up in the bin when the tins turned to rust), But there's still that little voice in the back of my mind saying "If this was a good idea there'd already be GRP pulleys on every cheap machine out there".
So, What am I missing here?
Scott.