first of all, you got rip-offed for paying 16 bucks. my lbs sells them for 8 bucks.
a small tin of proofide should last you quite awhile. buying all the ingredients seems like a waste of time when you only need a small amount once or twice a year. maybe if you had a dozens of brooks saddles to protect, then brewing your own would make sense.
and who's going to experiment with their brooks? not me.