I have been following this discussion just waiting to see how long everyone would overlook the obvious. Obvious at least to me, because I spent 8 years working in an aerospace machine shop mostly as a handfinisher using a die grinder. A die grinder, for those who don't know, is an air powered version of a dremel, larger, much more powerful and using attachments.
You just cut the threads both internal and external, make sure the parts fit together properly, then carefully measure, mark, then grind away the threads in the proper location on each part.
In fact if you want, you can go with a 60 degree turn instead of 90 degrees.