Ditto on all the good advice, I've owned Summit, API and now a Timbertall Climbing Treestand and they all are great! Check out http://www.treestand.com they seem to be the online authority on treestands, parts, accessories and advice!
For all the effort and expense you have to go through to make one, why not buy a solidly built Gorilla 49 dollar loc on at Wally World????
Tell you a little story about homemade loc ons. A hunt club member of ours graciously offerred to supply a half dozen bowhunting loc ons one year. A month before the season there we were hanging stands. The member was trimming a few high limbs above the stand for head and bow clearance when all the sudden the platform gave way and he was left hanging from his safety harness.
Trouble was.......low grade bolt mixed into the high grade bolt bin. The bolt sheered off cleanly. Had he not been in safety gear, he would have fell 25 feet.
Wood stands.... Thats just plum crazy anymore given the excellent and affordable options out there.
Try to put your tree stand in a tree with plenty of background cover, keep the prevailing winds for that time of the year to your face, and take care of those pesky squeaks and creaks your stand may have developed while sitting in the shed. A good treestand lube can be made by heating petroleum jelly until it reaches a liquid form. Some hunters have reported success by including a cover scent in this mixture before applying it to their stands.