Kevin, its the little things that kill you! And I ain't gonna preach on safety, cause I have already been told on another forum I am too old to be relevant!!
I will tell you this and most electricians will probably back me on this one! 220 Volt will knock you so hard, you will think you just went 10 rounds with the heavy weight champ but, most times it will knock you loose! However that little ole fellow 110 Volt will grab on and hold till sweet death is about to enter the picture.
Ovens are not that complicated it is the electronic side of it that need a fair amount of thought and time put into it. Back to your original question. Is it feasible to make a halfway decent HT oven for far less money than an even heat or paragon The short answer would be yes. Think of it this way it is nothing but a frame with a skin, and firebrick for insulation. However the safety side of the door the shut offs, and how the electronic work is the very most important part to get right!!! It is also the reason the sell them from the big companies. They have over the years been thru all the trials and tribulations and heart breaks where they thought they had it figured out. Believe me with law suits like they are today, they better have it figured out!!
However if you do decide to build yourself re-search it well. and here is a piece of advice a seasoned maker once told me, if you think that you can only have need for a small capacity oven, build it for twice that big.
However the down side to that is just like heating a house that extra space has to be heated! Then he laughed and told me or you can do like me, I am about to build my fourth oven I have had since I started!
The first one was too poorly done, the second was too small and the third was not efficient and so I am about to hit the mother load and build my fourth, "the mother of all ovens". He stood, there silently for a minute and laughed again and said, I just hope I don.t have to add one of those bad words after mother, ........................... with this one!!