Copper
It would basically turn it into a piece of wood, and when all is said and done, unscrew the 2 1x8 sandwich and you'll have a gasket as perfect as your cuts for sure.
Unfortunately, no matter how well you clamp the work, you're still going to get a fair amount of flash/burr on the edges of the copper sheet, especially if you use a jigsaw. The copper is usually just too soft to avoid some deformation in the process of cutting it. Less so if you order a harder grade, but I've *always* had to dress edges no matter the temper or thickness, and no matter the cutting tool. So this will probably hold no matter what technique you use, unless you stamp it out with a precision die, or have it machined, whether by water, laser or on a conventional mill. (And even then, the machinist is just going to deburr the edges for you.)
You might want to check into having it plasma cut on a CNC router table. Can't tell you whether this would give you any better edge finish, but it'd certainly be cheaper than laser or waterjet. I could possibly give you a quote for this from another shop in my building. Want me to ask about it?
Personally, I'd be reluctant to try to do something like this with hand tools, ie x-acto or whatever. BUT.... give me a nice Dremel with a fine router bit, and using the old gasket as a template for the bit to ride against, I'd bet one could make a damn close duplicate of the original, then use a deburring tool for the slight bit of flashing left.
Do you know what grade/temper of copper to use for these? I'm sure it matters, but I don't know what the best choice would be.
Here on the west coast, I use a vendor called "Sequoia Copper & Brass" (in... Hayward, I think?) for most of my stuff, as they have great tech and sales support and decent (neither cheap or expensive) prices. I bet you could get a recommendation for a good east coast vendor if you give them a call.
In an interesting aside, I just heard from a friend that his late model PowerSmoke uses solid *aluminum* factory head gaskets. Innnnnteresting.