Hey Wildo!
Sorry! I didn't get your PM and notice this until logging on tonight.
Yes what you found is very (practically the same thing) similar to what I built. I have built 2 now and have found them to be quite sturdy and stable.
It may look small due to the angle or lighting (I am at work... shh

) but I can't see it to know which picture you are referring to lol. It is a 12 foot board and 12 inches wide. I've had some pretty large dogs on it (even kids and a drunken husband and sister! lol) and it has never tipped over.
We drilled the holes to fit pretty snug so the only issue there is it can be a bugger to get the pipe through at times. We covered the pipe with bicycle handle rubber grips

I think we could smooth out the holes to make it easier to adjust the height.
The link you posted in the previous post is exactly how we did the pipe to the board with a nice pivot/hinge. Those little "U" type thing-a-ma-bobs
The board itself is heavy but I haven't had any issues. We timed the fall. The 1" is about correct. The weight of the board makes no difference in the fall rate, it is where you place the pipe/pivot point. Mine have a 2 second drops with a 3 pound weight at the end of the board. I am sure you can adjust this to whatever you'd like to meet regulations.
I haven't needed to add extra stabilizing. The board is pretty rigid and in teaching 2o2o, I haven't noticed any teeter whipping either.
I am envious of the aluminum teeters, just because they weigh less, but if you are planning on welding steel, until you can afford or get an aluminum (like I keep saying I will eventually do lol) I'd go wood. It may end up being lighter weight than the steel and I find it holds up pretty well!
I'll try to post a few better pictures! (after work of course! lol)