I would be curious what the eclipse coping saw tension is - I am guessing it is around that 30 range since it is a "pretty good" saw, but again, the Knew Concepts saw is VERY different. I probably wouldn't have gotten one except as a gift. (just too cheap) but now that I tried it, if it was stolen, I would place my new order that day...Well, for $350 you can get your choice of color.* Actually a handy option if you keep different blades in several saws.
Laser cut aluminum, titanium, carbon composite. I wonder what one could do with just a high strength steel tube. The idea of bearings actually makes sense. I suggest there is a much bigger market for a good $50 saw.
So, what is "enough" tension? Let's assume 5 is not enough. 20 is not bad, 35 pretty good, and 85 known to be enough.
* Back in the old days Cray would paint your X-MP or Y-MP any color you wanted, but then again they cost several million dollars.
I think the real problem is "creating" the frame the tubing idea is a good one, but you have to bend it or cut and weld it to create a "C" shape and then develop something to hold the blades... a rod welded into the tubing? what ever... then attach a handle to the contraption...so I am guessing your are somewhere in the $30 - $50 manufacturing cost range, so you would likely sell it at $80- $100 competing with an eclipse saw at ~$20 or the enviable Blue Spruce or Knew Concepts at a far greater price, but with a rabid following...I wonder, the Knew and BlueSpruse are very complicated machines with expensive manufacturing. What could one do with a bit of 3/8 or so high quality steel tube or box? Simple forming, swage the ends etc.