I just came across this thread these days and because I fancied with a DIY ac standard already a long time I wanted to know what can be realized quick and dirty by using existing lab equippment. The setup is based on a method which was already described in this thread. I tried to measure the peak values of a pure sine wave by comparing these with a well known DC value. I connected the output of my home made state variable oscillator (low source resistance output) with the input of a 7A22 Differential Amp in an old TEK scope but with a precision DC source in series. By changing the polarity of the DC source the positive or negative peak value of the sine wave can be compensated to zero by observing it on the scope. Switching the polarity is neccessary to correct for a small DC part of the oscillator (Offest voltage of the Output Amp). The DC values have been mesured with a 3478 (on DC very close to the 34401A) and the calculated AC voltage (add the two unsigned DC values and divide the result by the two-fold suare root of 2) was compared with the measured value by my freshley calibrated 34401A.
I have to admit that I was a bit surprised about the good and reproducable results of this quick test. A typical result: For the 1V AC range I' ve got a deviation to the directly measured values from the 34401A of approx. 0,03% (at 110Hz). This is well below the 90day spec of the 34401A and in the range of the measuring uncertainty noted in my calibration certificate. The pictures show a sketch of the setup, the oscillator (distortion < 0,001%) and DC source and a typical curve on the scope display to get a feeling about noise (1mV/div scale). I am pretty sure with some more effort on the oscillator output configuration and better shielding the accuracy can be significantly improved.