Is it possible to make a two-part mold using the Lego-modeling clay-Alumilite approach?
I wouldn't.. I use RTV for that, since you MUST cut "aligment keys" into the first half of the mold before you pour the second half... If you don't, or try to short-cut it by not doing it, you'll be VERY disappointed with your new part's seams... Never try to short-cut two-part molds...
I just suspend the release-compound-coated part in the mold-box, pour the RTV in until it's half-way full, then let it cure.. Then I cut the keys, pour, and air-vent holes... Then pour the second half of the RTV...
Alumalite makes a "Starter Kit" that's perfect for a first-time parts-caster... It only runs about 25.00 (if you got a Hobby Lobby near, you can use the 40% off coupon for it), and has all you need to start mold-making...
Clay molds are only good for "one-sided" parts... Like if you wanted to cast a bunch of Pro-masks, pistol holsters, rucksacks, and stuff like that... Modeling clay molds aren't very good for casting a second part either... The generally deform a bit when you remove the part..
You'll want to get it right the first time...