My variac I wanted a larger scale, so instead of making it from 0V to 360V ( it tops out at around 340VAC or so, depends on the input voltage) I went with a suppressed zero meter, indicating from 60VAc to 360VAC, which gave a nice usable scale on the used meter I had to hand. This also allowed me to use the 6 divisions it had as well, so saving on the remarking after painting out the original lettering, so I could have 50V per tick mark and reading to 5V on there as well.
Used a 723 regulator to make a stabilised 7v rail from a tapping on the transformer that gave 60VAC, using a simple half wave rectifier and some zener diodes to get a 20VDC rail for the 723, and making a simple shunt regulator with it. Then another half wave rectifier and capacitor ( 1uF 400V smoothing) and some resistors to set the current, and a bit of adjustment and it worked.
Variac you rarely need below quarter voltage, most of the time you want from half to full mains voltage. Very important to add some fuses input and output, so that you are protected from shorts or such. I used 10A fuses on the unknown one I had, as it probably would handle this fine, though I did have to add an inrush limiter to tame the turn on surge though.