Homebrew PCBs

Hi Guys,

I am looking at options for a project I have underway, 
which "unfortunately" requires me to solder a 100pin TQFP surface 
mount component to a PCB (yet to be designed). There appear to be 
various ways of doing this, but the one that I think I can manage is 
using a hot air pencil. I've seen various designs modifying 
desoldering tools but being in the UK they are quite expensive - 
certainly not as cheap as £9.99 from RadioShack! I have found one, 
from Rapid Electronics which is fairly priced at around £20, but it 
is an "inline" desolder, and I am uncertain if this could be 
modified. Likewise, there is no specified power output for it, so I 
am unsure as to its suitability.

The other option I thought of is perhaps using a portable gas 
soldering iron. Rapid again sell a 70W equivalent gas soldering iron 
with a hot air tip, and I wondered if anyone has tried one of these 
to see if it works?

My other concern is that I will be manufacturing the board using the 
Resources at my University, which are just like any other "school" 
PCB manufacturing tools using etching chemicals - am I likely to get 
the "resolution" needed for etching the pads onto the PCB for this 
component using the chemical etching process or will this also be 
problematic?

Many thanks for any help.
Chris