Wouldn't mind his mill.
The idea is entirely scalable, and is a good one.
Jason, the jaws are held on with two screws that look to be one size smaller than the main clamp. The vertical clamp load, neglecting friction, could then shear the two jaw screws. As the area of the jaw screws is about 20% greater than the clamp screw, it's theoretically possible to shear the screws when clamping down. In practice, because friction exists, this won't be likely. I agree a key would be useful, I wouldn't argue against it – based purely on all the un-necessary brochure machining already being put on the clamps, so adding a key would be a negligible increase in machining time. But the key is not strictly needed.
Regards
Richard.