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And that kind of geared arrangement is not just eye candy for modern models, its the kind of thing some manufacturers had to do to get around the early steam engine patents, which specified a simple crank arm.
I would say you research is right on the money with Murray's Hypocycloidal Engine. I would imagine the Elmer seen or read about this engine at the Henry Ford museum and used that for inspiration. Searching with those words leads to quite a few hits.https://www.thehenryford.org/collections-and-research/digital-collections/artifact/185106It's different enough from Elmer's version that it's still interesting as an additional subject to model. I like the look of the piece at the Henry Ford museum more than the one at Birmingham.Watt used the sun and planet gear arrangement to work around the crank patent, while Murray used the hypocycloidal gears to work around Watt's patents. The patent office was quite the minefield back in those days.