Yes the beam could certainly be fabricated. I’d probably go with a sandwich of three layers for the central “plate” which would make it easier to form the recessed teardrop shapes. Then a strip with a slot along its length can be bent to fit top and bottom. After that bore the ends and fit round bosses as well as the other bosses. I’d probably go with steel and solder it together
Straight sides is acceptable if the original was hat shape such as sevearl engines made by Easton & Anderson

No castings used in this one of mine.

Likewise the cylinder can be fabricated either by JB Weld holding cast iron together or silver soldered up from brass and bronze.

As the flywheel is not that thick there are a few options that could be used for that particularly if you casting is a bit heavily spoked.
