I recently modded a Polaroid 120 camera to shoot 4x5 sheet film. The mod included a 4x5 ground glass holder for adjusting focus. The instruction suggest using a frosted piece of acrylic but I wanted to try grinding my own glass. What I found was that making your own ground glass was cheap, effective, and easy. I figured I would share my process and results.
Materials
Glass cut to size (I'm grinding 4x5)
Larger glass to grind on (I used and 8x10 sheet of 1/2" glass)
Set the large piece of glass down on the counter, this acts as our "anvil", it's meant to be heavy and flat for us to grind against.
Put a small scoop (~1/4tsp) the 25 micron aluminum oxide near the center.
Sprinkle with a small amount (~1tsp) of water to make a slurry.
Place the piece of glass you're grinding down ontop of the slurry.
Moving in a circle manner, apply a small amount of pressure on the smaller glass while moving it around the whole surface of the larger glass.
You may notice that the grit dries out and gets "sticky" and "grindy", if this happens add a few more drops of water.
At any point you can take the small piece of glass and rinse it off to check progress.
I would estimate that it took me 10-15 minutes of rubbing to have a completely uniform matte surface
Bonus points: I found that after grinding at 25 micron that the glass was sufficient for my uses. But it seems like another found at 9 micron might produce a smaller grain for even better clarity.