Still here, but rarely make a readout now. I still repair them, right from the very first ones I sold in 1992, and keeping the software so it does still work was quite difficult at times. Still using the same 486-25 computer from then, even the same disc drive, PIC firmware in assembler.
I have been slowly going through all the software with the intention of putting on the web site so when I pop my clogs, 67 now, others can work out how to re-calibrate the sensors. Bigger problem is brain fog, simply can't remember things now and have to be careful when re-calibrating so it does work properly.
If you want to make your own, then use the Tensator constant torque springs, SR02 I think, ball bearings and the very soft aircraft cable with the 7×7 construction. My first sensor used fishing trace wire, and it is still working on my lathe so might not really be necessary. If you want to use commercial encoders then I used the HP ones from US Digital or the Bourns ones. Either uses a spring loaded wire or a toothed pulley with the belt running inside some 1/2" aluminium channel around some bearings.
I found that the sensors gave an accuracy of +/-2 thou, the errors were always cyclic so error didn't increase as the distance increased.
Going back 30 years and the design requirements were minimum cost, so the idea of moving the sensors between machines was very popular, as was a single axis self contained readout. Other very important idea was the minimal space taken up by the sensor, the Myford doesn't have much spare room.