The new control arm consists of off-the-shelf parts, mostly from SPC (Specialty Products Co.) since they have good support (I got an e-mail response for some part dimensions after-hours the same day), and good availability (most parts in stock at Summit Racing). I intend to utilize the original '88 Fiero control arm. New cross-shafts are available from the Fiero Store for $70. I can't beat that with a custom heat-treated steel part.
The only custom parts are the reducer bushings to use the stock cross shaft, and the 1/4" steel ball joint plate.
Total cost per side is a little over $200 but you'll save $70 if you re-use your stock cross-shafts.
This is the current draft:

Note that the joint on the left side of the ball joint plate in the image will actually be a welded stud and there will be no hole there. The other 3 joints are bolted solid after adjustment.
I need to confirm caliper clearance (I want to make sure it clears the 12" WCF brake kit) and design the reducer bushings, but otherwise it's just about done.
The full parts list will be posted as soon as I build and test the first set.
Related Reading
Increasing steering axis inclination on '88 front suspension
Track Days in the DOHC Fiero