Snapping is one thing jumping the thread is another problem I have seen cones which have jumped the thread and then you have to damage the alloy trumpet to get the cone out, as per other threads here.
We all want to save money and make tools etc..... however this is one job you really should NOT attempt without a proper tool, there are some suppliers that have this tool made and the same applies....
THIS IS A SAFETY ISSUE !!! You could very easily lose a finger or more..
oh...and just replace the whole knuckle assembly.....cheap...cheap...cheap preventative measure. Cup, knuckle and rubber seal.
( unless you originaly meant you're replacing the whole joint )
The plastic cup may be nearly worn through, if not already, and you'll just have to pull it all apart again to change it
I have a 'proper' compression tool and it still scares the crap out of me when I have to really compress an old cone in case the thread strips in the rubber cone at maximum compression just when my fingers are taking the trumpet out.
The original 'Churchill' tower tool was great and I have one of those, but it is only for the early cones with the imperial threads. Now that is a substantial tool and easy to use.
Cheers for the advise

Sounds like this may not be a good idea after all and I will just buy the proper tool for the job. £20 saving or whatever it is isn't worth loosing any fingers for LOL. Can anyone recommend any good tools or are they all pretty much the same regardless of where they are bought from? I've been looking at the Minispares one below but may hang on a couple of weeks and see if I can get one at Bingley and save on postage costs as it's unlikely I'll be doing this job till sometime next month anyway.
http://www.minispare...ch/classic/cone compressor.aspx
I will be replacing the whole knuckle joint as the one with the split boot looks slightly rusty inside and betting the other ones not much better and like you say they are so cheap anyway it's not worth taking it all to pieces and not changing them.