Like all keys, the gap between the contacts is adjustable, as is the spring tension. The pivot adjusting screws are just 6-32 by 1/2" set screws from the hardware store, with an appropriate hex nut. The rest of the brass adjustment screws and and the binding posts are home-made, using a small lathe.
A drawing of the pivot bearings. The ball is from a broken ball bearing. It is very hard and smooth. The 6-32 hex-head set screw has a cup on the end which fits nicely against the ball for a low-friction bearing. There is a simple hole in the end of the armature arbor which also has a cup, due the point on the drill.