you guys have it figured out pretty well
the reason for using the cut-off wheel is that the pipe cutter tends to work harden the hard line to the point that it will not flare well if at all... if you do use the pipe cutter you'll need to file the edge to remove the hardened mass... also it is really important to make sure the edge of the line is cut perpendicular to the sides... also use a little oil on the end of the line as well as the anvil of the flaring tool to prevent binding... when in doubt practice on a spare piece of brake line until you can flare without trouble... you'll want to get it right on the car 1st time out... or else the line will get shorter and shorter with every attempt
you'll also need to make sure that you have at least 1.5" or so of straight hard line to be able to put the flare on the end... you'll need that length for the width of the tool as well as the flare nut (remember it goes on before you flare the line

) this means you may need to bend the hard line a bit to get everything done, but they do tend to bend quite a bit without issues
i don't believe there are self-flaring fittings... sure wish there were

.... you'll need to use the proper "die" for the first flare... it'll be marked with the size line it is used for (3/16") in our case.... use that to do the 1st flare, and then use the 45degree anvil on the tool to complete the 2nd flare
good luck on the job:)