You need to do your homework first, and establish your protocol with the chemistry you can find. I haven't personally tried the various alleged substitutes to HC-110, or even its later Kodak versions. I'm still working from the original syrup version, which seems to store well in concentrate fashion for decades. But the only additional chemical I need, besides HC110, is benzatriazole powder. Even a small bottle of it is sufficient for many many sessions, and extremely economical compared to pre-diluted solution like liquid Orthazite. The HC-110 is also very economical because it too is being used at high dilution. After you have this figured out, then yes, you can go ahead and expose a number of sheet film masks, and then batch develop them in a tray. What will slow you down is simply the need to make sure that every step along the way, the film and registration glass surface are kept clean and free of dust or fingerprints.
Masking for color neg film is a little different than other forms of unsharp masking since it must be done more gently in terms of final mask contrast, and ideally with a more consistent straight line, which is more difficult to achieve with most common developers. I've never tried the poor man's substitute for HC-110, DK50, in this respect. I don't even know how many substitutes for HC-110 are currently on the market. There is one called FPP HC-110. And newer versions of Kodak HC-110 itself are still readily available in the US at least, like at Freestyle.