You can't cut the illustrated step with a water-jet; you need to cut entirely through the sheet.
You could water-jet two flat pieces and bond them together.
... but it's MUCH easier to machine a stepped cavity in a block of aluminum, polish it, pour in RTV, and let it cure.
Self-leveling RTV probably wouldn't even need a cap/cover on the mold. ... and would cure more slowly if a cap is present to restrict uptake of atmospheric moisture for curing.
Two-part RTVs intended for molding would probably need a two-piece mold, and will cure more quickly than single-part RTV.
Mike Halloran
Stratford, CT, USA