It is creative idea. Might have to do this one myself.
I think the rubber busing on the eye bolt might be overkill. It might offer to much flex at the connection making your ride a little loose. Just mount it with washers nice and tight and let the red bushings do the twisting.
You also need to use a forged eye bolt verses a cold rolled eye bolt for strength.
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Not sure if Trailmix ever clarified but it looks as though he used forged eye bolts from the beginning like singtoe suggested.
Hmm...I threw my swaybars in the garbage.
Hmmm, the pics are a bit blurry, but you might be right. I didn't know HD sold forged/cast eye bolts...
I see he added poly bushings to the eye bolt as well. That will certainly cut down the moment applied a bit, but it makes for an odd action when compressed.