First off you are dead right - good quality machine shop capability is required and luckily I retain that from an earlier incarnation. The stepper shafts are either stock modified or a custom shaft is manufacturer assembled to accept a very small diameter filament gripper. The grip wheel is a uniquely ( I think ) profiled non-dished 4 mm diameter of hardened steel.
The formed metal thingies are indeed heat sinks added as a thermal band-aid - they lower the motor face peak temperature by about 5-7 degrees Celsius ( measured at the shaft end ).
Spring loaded - the triangular gizmo in the photo is a leaf spring which drives the two steppers together. The shaft with the orange lever actuates the filament load/release action.
Note the grey ABS extruder body is a single FFF fabrication where the only added parts/labor consist of 1-2 minutes of handwork/cleanup and 5 heatserts. I print the body in about 80-85 minutes. I have quotes for the same body from production quantity sources in Nylon in the $10 per unit vicinity ( domestic USA vendors $ dependent upon quantity ).
The hotend system from the top of the heatbreak downward is pure E3D V6. Heatbreak upward is a dramatically shortened circular E3D style heatsink directly fastened to the underside of the effector platform (eliminating the abominable groove mount). The net-net of these mods is a very short-straight distance of grip wheel to nozzle tip of ~55 mm. About 35% of that distance is in Teflon. Good stuff for flex filaments.