Yeah, that's the one I have on the new car. It really looks the part, and yes, it's steel. It isn't that heavy, though. It is VERY cool you made yours from aluminum. And by hand no less!
I painted mine with hammered silver, to look more vintage. I really like the way all the parts look with that finish on them.
I drilled an extra hole in mine for a lock pin I keep in the driver's door. I worry that one day at a car show the wind will hit it just right and lift it up enough then SLAM down it goes. Or somebody will lean on the clam and mistakenly push it up, then SLAM! So now I don't worry at all, just slip the hitch pin in and lock the bail.