The spring spreader in the photo is the less expensive version of the ones most suppliers offer. This one does not have the spring loaded retainers and the thrust bearings. They were originally sold by AC&R for between $60 and $85. and it is just as safe.
I also have a home made one similar to the one in the posted web site. By the time I obtained all the material and had it welded it cost as much as a ready made one. Whatever the price, a quality made rear spring spreader is cheap insurance.
Whatever you do, please do not attempt to use a pipe and an all-thread against a banjo bolt, it is extremely dangerous and a good way to get yourself killed. If the pipe slips off the bolt head it will launch like a medieval cross bow.
Anyone who owns a Model A and does most of their own work should own a quality rear spring spreader. You will find you will use it more than once.
Tom Endy