I'm not sure if this is any improvement over splined miters. But I thought I'd give it a try and pass my experience on to you. First off, I can make splined miter legs in a third of the time that this takes. Second, I rarely get fine edge tear-out on a T/S. After seeing the tear out on my setup scrap, I over sized the pieces so I could plane it out. Also, at 1 1/2", there would be NO clearance in the center, possibly preventing the sides to meet.
Using wide stock make the first profile.

Ripping out a piece with one profiled edge.

So that I could avoid having to run a narrow piece to cut the mating profile, vertically against the R/T fence, I use my Horiz R/T so I can work on 'the flat'.

As you can see, this narrow piece will rock on it's narrow bottom.

So, make a 'carrier support' with one of the other pieces.

This is what the finished end looks like.

And this shows the thin edge tear out caused by having to cut against the grain half the time. No, you can't climb cut this because it happens when there's still a lot of meat on the edge.

I cut some drawer backs in poplar and book ends from pine and didn't get tear out. But hardwoods will be a challenge, so leave some extra wood for fixing this probability. After the legs are all glued up, I will 'gang' run then through the planner and that should fix this. http://www.ncwoodworker.net/pp/showphoto.php?photo=34476
Using wide stock make the first profile.
Ripping out a piece with one profiled edge.
So that I could avoid having to run a narrow piece to cut the mating profile, vertically against the R/T fence, I use my Horiz R/T so I can work on 'the flat'.
As you can see, this narrow piece will rock on it's narrow bottom.
So, make a 'carrier support' with one of the other pieces.
This is what the finished end looks like.
And this shows the thin edge tear out caused by having to cut against the grain half the time. No, you can't climb cut this because it happens when there's still a lot of meat on the edge.
I cut some drawer backs in poplar and book ends from pine and didn't get tear out. But hardwoods will be a challenge, so leave some extra wood for fixing this probability. After the legs are all glued up, I will 'gang' run then through the planner and that should fix this. http://www.ncwoodworker.net/pp/showphoto.php?photo=34476