Being a Tunare loving druid, I went the Mithril arrow route (mostly because I was pregnant at the time and didn't have the RL stamina to farm acrylia). Spent about 40k roughly from 202 to 250. I gave most the arrows away to friends who wanted them, so I could have easily brought my loss down quite a bit by selling them. (Did enjoy friends saying how they loved the damage they did with those arrows). I averaged 2-3 skill ups per 100 combines with the arrows, and once running a streak of atleast 150 combines without a skill up. So expecting to skill up once every 20 combines is probably a bit overzealous, unfortunately. However, don't let this discourage you. All the hard work you put into fletching is worth it in the end if you find that one person who about dies because you made an elemental bow for them 
Litetta Elfstone
Quellious
250 fletcher, plugging away at the others

Litetta Elfstone
Quellious
250 fletcher, plugging away at the others
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