Hi, Shawn. If you need 5A at 120V, you're going to have to dissipate
600 watts. No way around it.Current calibrators are drastically expensive -- that shouldn't be considered unless you have a really hefty budget for this job.
Light bulbs are a no-go here. At rated voltage, their wattage can vary by more than 20%. Also, their resistance is non-linear -- as the applied voltage decreases, the temperature of the filament decreases and the resistance decreases.
You might as well use power resistors. This is what they're made to do. And they needn't be expensive, either. Nebraska Sales and Surplus has 120 ohm, 120 watt adjustable power resistors available in quantity for $9.00 USD each.
String 5 of these in parallel, give each one it's own series junkbox switch, and voilla! You have a 1-2-3-4-5 amp 120VAC load. You won't find an AC current calibrator at ebay for $45 bucks. I would guess shipping alone would probably be more. ;-)
If you want more accuracy (line voltage typically varies a bit, and power wirewound resistors are +/- 10% unless otherwise specified), you can still use these resistors. Just borrow a big Variac, and get a resistance meter that can measure accurately. Adjust each resistor to
115 ohms +/- 1%, and then apply a measured 115VAC through the Variac. This will give you what you need, with good accuracy.Before you start, though, find out if you can do calibration with only resistive loads.
Good luck Chris