Sonny,
I make lower shafts for the CTX out of carbon fiber. Now that I have all the "kinks" worked out, it's not too tough. The tough parts about making your own rods are A.) finding a carbon-fiber supplier, and ESPECIALLY B.) finding a way to design, and then get someone to fabricate, that "lower part" of the rod, the plastic "clevis" or "yoke" part that the coil fits onto.
BUT -- again, what I am doing is just making a one-piece lower shaft, which is easier than what you want to do. Once you start wanting to make two-piece shafts, you have to start thinking about how to connect them (screw-in couplings, I assume)? This makes it more difficult.
It is certainly DO-ABLE, but likely not "simple." The SIMPLEST would be to make a one-piece shaft, extending from arm-cuff end to coil end; you could then simply attach the "handle and control box portion" of the unit anywhere along the length of that shaft that you wanted to, and the same with the arm cuff -- with just the simple drilling of a hole in the shaft in the right position to mount the cuff. Again, though, you still have to solve the issue in acquiring that lower "clevis" piece. I have seen versions of these lower "clevis" pieces available on occasion, as "replacement" parts -- but can't recall where. AND, I have no idea if the ones I saw would be the proper width to "fit" between the Equinox coil's "ears." But, if you could find one of these replacement "clevises," and if the part that fits between the coil ears is the right size, the rest of the process of making a one-piece shaft would not be that hard -- just some gluing, a bit of drilling, and such. Once you get into the two-piece thing, though, it would be a bit tougher, as you now have to figure out what type of "union" you want to use to join the two pieces.
Just my thoughts...
Steve