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Maybe just a beer induced idea.
You could always fine a strike lite or whatever they called the composite auger
Interesting engineering problem, had to play with it in solidworks to see what it would take. A jiffy style auger is feasible as an aluminum fabrication. Would look a little different that one is accustomed to now. Mandrel diameter would jump significantly to accommodate the torque, wall thickness would not have to change. Would likely bump the auger flights/spiral material up in thickness or have to add a rolled edge so they would not collapse which would make rolling the spiral much more difficult. The cutting depth regulation they have built into the chipper attachment would require triangulation in one way or another so it would not deform punching the bottom of the hole, either gusseting which would likely negatively impact ice/water clearing due to cavitation when it reached the bottom of the ice or adding a negative sloped segment that shares the same pitch as the regulator stiffening the outer edge this method cavitate less but be much more difficult to form. Both would take care of stiffening the chipper attachment so it wouldn't roll/deform while chipping. Attachment at the power head could be different but might be a wash on where weight wise.All told you might save 5 lbs. Fast models shows the jiffy in steel at 12.5-13 lbs and the aluminum jiffy at 8.5-9 lbs. From a manufacturing standpoint, triple (thinking this may still be low) your material cost and go 1.25X on the fab cost. I'd bet you'd pay $90 to $125 more for the auger. This assumes they make a change all augers to aluminum manufacture. As an option over steel it would cost more.