You need a good lathe, bridgeport type mill helps also and either a good TIG welder or good MIG welder and a power hacksaw comes in handy. Material of choice is chrome moly.
Here is where I buy all my moly tubing and flat and 60061 T6 aluminum tubing and sheet, carbon fiber, fiberglass, kevlar, polyester resins, epoxy's, etc.
http://www.aircraftspruce.com/
Here is a skid kind of what your talking about I built, weighs 33 lbs with a Alternative Impact front arm and my chrome moly rear arm, taske off on a Yami arm, and similar to what Timbersled did. Rear axle is my own two wheel inside design. Used the small tip of rails wheels (anti stab) on the inside up by the front arm also. Don't have time right now to look up all the numbers but with moly I like to be at least 50 tom 70 thou on the wall. Years ago I made a real light weight front arm out of moly and had fatigue cracks near welds. I think if you go with real thin wall its best to have it annealed and reheat treated.
Just call up Aircraft Spruce and have them send you a catalog, has pages of tubing dimensions with OD,ID, weight per ft etc. The dimensions you end with to a great extent dpend on shaft sizes, one tube needing to go inside another or mating to another etc.
Oh yeah forgot you do need the Bridgeport or a real good drill press to fish mouth the tubes for a perfect fit. Porting motor and carbides helps also for perfect fitting and finishing. If you don't already have all the above equipment far cheaper to just the buy the TimberSled suspension.
Good Luck
My mod TNT longtrack weighs 450 full wet.