Chris,
It depends upon how much work you have to do now, how much you'll do in the future, and what other work you plan to do in the future and what tooling you will need, however in general you will be far better off with a dividing head for gear cutting. If you have a lot of such work to do and possibly more in the future the $300-400 (new) investment in a dividing head will be more than repaid. If you only have a few pieces then you can probably make do with a dividing rotary table but it looks like one of those will cost you about the same as a dividing head. For general modeling and shop work I use my my dividing head, which is an old Yuasa, about four times as often as my rotary table - for every 4 times I use the dividing head the rotary table has been used 1 time.
You will need something with indexing plates and posative detent stops. Eyeballing the divisions on a rotary table dial won't get it done. If you have a gear of the same number of teeth as the gears you plan to cut you could cobble up a detent dividing mechanism using that. It appears most of the dividing heads and rotary tables these days are Chinese, and all about the same, so you buys yer ticket and takes yer seat. I happen to know that Plaza Machinery has a used L&W Chuck Co. (Ohio) dividing head listed for $300. L&W is still in business but no longer makes dividing heads but while they did they were one of the best and most useful for small machining ever made.