this has been of interest for me too, but I have an electronic version with me - a probably faulty (hence discarded) meter from the utility company. When I did some post-mortem on it, it has 2 inductors in it, some very small sized circuitry, 2 button sized batteries (which seem to have gone dead) and a LCD display
the idea to use/adapt this for some meaningful RE measurements of power (may be within 5-10% of accuracy) is fantastic, but need some guidance....