For those wanting to be able to cut 127 gears on the cheap-cheap, Tom Lipton wrote an article on using a 5C spin indexer with a single custom plate to cut them. His secret: use 2 rows of holes.
Here's the link to the original article, and then search for November 1 for the article in question:
Ongoing journal of a life spent designing and building special tools, instruments and mechanical devices for the scientific, medical, metalworking and product development industries. Idea's turned into reality by the mechanical pursuits of Tom Lipton (OX)
oxtool.blogspot.com
There's a trick he used that you need to know: He used a DRO with the 'hole' function, but cut every other hole on the first pass (the 'even' pass, then cut the 'odd' holes on the inner circle on the second pass.