If you have a drill press then making soft jaws are not that difficult, but you would need a few tools to make the job easier. Tonight I found a bar of aluminum, cut out a pair and marked a set for my old 4-1/2 Wilton. The tools needed is a
set of Transfer screws, 1/64 over size
drill bit,
a counter bore tool or a
counter sink bit and a
drill press. you can find the transfer screws on e-bay, the counter bore tool is for the socket head cap screws or fillister head screws, or you can use a counter sink (82 degree) for flat head screws, but keep in mind you will have to be more accurate drilling the holes if you use flat head screws.
First step after cutting the stock to length is sanding or filing the bar stock smooth to get rid of the burrs. Add the transfer screws to your vise and leave the point out enough to mark your stock but in far enough to not bottom out material to the transfer screws. Align the jaws evenly left to right and close the vise jaws to mark the screw holes. On your drill press use a small to medium size center drill (#1 or #2) to really mark the location, remember the center drill will find the punch mark from the center screws if your drill press vise will slide easy, I do not use a vise for spotting the punch marks with the center drill. Your drill will locate in the center drill marks and your counter bore or counter sink cutter will follow the drilled hole. The aluminum I used is not the same height and should be 3/4 high in stead of 1 inch. I have a 4 1/2 disk sander that would rip the aluminum down pretty quick.
I wrote a article on a vise site I built if you are interested in building quality jaws, but you would need a Bridgeport type machine to do it right. here is the link. Kevin
http://wiltonbenchvise.com/vise-jaws/building-wilton-vise-jaws