Dennis,
This is definitely one of the better systems on the market.
The "steady" is pretty simple and were DIY plans around, using off the shelf steel collars from
www.mcmaster.com.
(assuming you can weld of course...)
I built my own system, and found the friction ("stick-tion") at the back reduced my ability to "feel" the cut.
So I really like the captive system on the back of the Spindoctor, with sliders to reduce that friction.
(made my own captive part, from 2" steel pipe and rollers that rolled back and forth along the pipe. The boring bar hung below the captive bar, so if there's a catch, the boring bar just bangs up a millimeter into the captive bar. This arrangement has almost zero friction)
Additionally, my tool rest has pins on it. So I can rotate the rest into the hollow form, (to reduce the overhang), then work off the end of the pin.
Using the pin as a fulcrum, and the right end of the boring bar for adjustments, then I have incredible accuracy at the tip.