The phrase '3D printing' is so corrupted these days that one could say that the arm IS printed, so comments about printing it instead are rather erroneous. Certainly you could change the material and make it for ~95% of the price, but then again and looking at it with the experience I have, I have no doubt it could a) be cast and b) be machined from solid. It appears to me that Frank has, rather like celebrity architects, read about a new and expensive manufacturing method and has chosen this client to test it out for him.
I like the counterweight, some innovation there, but do some FEA and you'll almost certainly remove material - it's not doing anything structural being on the neutral axis.
Of course it may be the best tonearm in the world, I haven't heard it, but the 'engineering' I would describe as bling.
CHE