Thankyou all for the helpful suggestions and tips.
I'll post pictures of what I did, so someone else can use it as a basis to be improved upon. Basically a 2X4, 2 bolts, 3 washers and nuts, and a steel strap is all it took. I bent the end of the strap over on itself to make the reinforcement for the loose end. It cost less than $9, which is 1/10th the sale price on the chain vice I was considering purchasing. With my finances being what they are, necessity is the mother of invention.
Thanks also for the tips on valve R&R. I only use 1 1/4 turns of tape, and tighten with an 18" crescent wrench until as tight as I can without feeling I may cause damage. It probably isn't 1 1/2 turns past the untaped position, but it is
tight and doesn't leak. I understand that each time these 1/2" valves are tightened that the valve will seat lower due to thread extrusion and that these valves consequently have a certain useful lifespan. But, since there are only nine to ten threads on the average valve, and say half or more of the threads are turned in hand tight, that only leaves less than five threads for torque. If one tightens the valve 1 1/2 turns more than the untaped position at each tightening, that would only allow for the valve to be used for three or four torquings (three or four years worth of annual visuals). I know many of these valves have been R&R'ed more than twenty times and are still going strong. Anyway, it's all together and the threads are fully loaded, not loose, not too much tape was used, and it doesn't leak. I'm sure she's fine.
The whole fixture.
Details of the clamp.
Cylinder ready for servicing.
Insides look good, no red flags, back together, and ready to dive.
The cylinder is reversed in the fixture for tightening since the downward force should be on the long leg of the 2X4, and the bolt should be under tension while torquing the valve. Notice I left enough 2X4 on the short end to step on while turning the wrench.