>> The waders on the market now are not fit, for fuction, for the sport of small stream fishing, maybe 20 years back, but no way today. As for wading boots, I,ll not go there today, same problems.>>
I'd agree for the most part, although there are a reasonable selection of quality wading shoes to be had. But it is also true that given the higher mileage and rougher use a small stream angler puts the shoes through, the lifespan of the shoes is decreased by probably half compared to what a bigger water angler would get.
But it really isn't true that there are some "really good hip waders on the market", not compared with say what was available in the 70's and 80's from Ranger, Red Ball, Hodgeman and others. Basically, what you have now are the two polarities in terms of quality/price with very few selections in the middle: LL Bean for example makes a traditional boot foot hipper that are durable and pleasant to wear, but they are $189 a pair. Then, you have the Pro-Lines and a few other brands at the other end. The big box sporting goods stores load up on them every spring. They run in the $45-60 range and can be hard to find in uninsulated models or with felt soles. They are probably durable, but they are often all rubber and they are heavy and clunky.
Its a problem for the smaller water guy, for sure...
I wear waist highs, but I could almost certainly get away with hippers for 80-90% of my trout fishing as it takes place in streams under 40 feet in width. I do a lot of bulldozing, brush busting log climbing and breathable waist highs are for the most part like toasters in this sort of environment. You don't figure on them lasting very long, and they don't.
If you are serious about making your own waders, here's a project I was always going to undertake but never got around to it. Cabela's markets under their Herter's brand a 400 denier nylon full length wader. The damned things are tough, but if you fished a full season in them you'd lose 50 pounds and would need to buy a whole new wardrobe. They don't breathe...
But, if you were to buy a pair of the full waders and then have a tailor or your local alterations lady convert them into waist highs by cutting them down and using the excess materials to make loops for a wading belt, you might have something worth fishing in. Its a thought.. They aren't very expensive and you might be able to get the waders and the conversion done for say, $100 US. Which is what you pay for a pair of the wimpy, low-end breathables anyway. Here they are:
http://www.cabelas.com/product/HERTERS-STOCKINGFOOT-WADER-REG/1833024.uts?searchPath=%2Fbrowse.cmd%3FcategoryId%3D734095080%26CQ_search%3Dherter%252527s%252520waders%26CQ_st%3Db
You'll note that these waders are also available in a bootfoot model in both waders and hippers. I would not recommend them because the felts are glued, not stitched and sometimes part company with the boot sole when you are walking in muck or goop Get the stockingfoot. With a little luck and a tube or two or Goop or Aquaseal, you could get 5 years out of them. That's a long time for a pair of boots for a small stream guy.