Ok, I'm beginning to wrap my head around this. According the CIS-211, the Kodak pdf for processing in hand tanks, we will get 10 rolls/liter of 135-36 or 120 out of the bleach, fix, and rinse. Without time adjustments, we get about 2-4 rolls/liter of 135-36 or 120 out of the dev, according to Z-131-3, table 3-3, depending on the film type and size. If I read between the lines of CIS-211, I'd get 4 rolls out of a liter with no time adjustments, since they only say use a 500 ml tank, presumably for two 135 rolls, using it one-shot. PE of course supplied us with adjustment times to get about 10 rolls/liter with the developer, which would max out the capacities of the other solutions.
Fortunately Kodak sells developer for $28 for 10 liters. With no time adjustments, this will net about 40 rolls of 135-36. Likewise, the most appropriate Kodak bleach I found was $75 for 5 liters (part 8255549), which would be good for 50 rolls. The fixer is 5 gallons for $9, while the rinse is 10 liters for $10. The fixer and rinse would last more than 50 rolls obviously; the limiting solution is the bleach, both in terms of capacity and cost. It totals up to $122, ignoring shipping and sourcing from multiple suppliers. You'd get 40 rolls out of it one-shot, and 50 with some compensation on the developing times before you hit capacity on the bleach. If I understand it correctly. Of course, if you went with a cheaper bleach (Trebla) and compensated on the times, you could do more for cheaper.
Could you run these chemicals with replenishment in a hand agitated tank? I guess it wouldn't really make much of a difference on the bleach/fix/rinse. Z-131-3 calls for a replenishment rate of 69ml/roll of 135-36, which is about 14 rolls/liter - not too much different from 10 roll/liter. However it would help on the developer, particularly if the LORR stuff is used. 26ml/roll of 135-36 means you would go through your original liter after 38 rolls. I don't know if the LORR stuff is viable for use in small volumes like this though. Any input would be appreciated.
Sounds like the Formulary kit is a reasonable way to go if you just buy some extra developer to get reach the full capacity of the non-developing solutions or compensate times. Still not super cheap though.