It's pretty hard to keep 1/8 discs flat, you need flat so you can have a reasonably tight air gap, don't even think about old saw blades, they are a nightmare, they are hardened so you have to anneal them to drill holes in em or cut holes with a plasma cutter. And if you have to do any welding on them they warp like crazy, and fab shop can cut you discs with water jet, plasma or laser with all the holes you need usually at a very reasonable cost.