Hey KT, when I tested this circuit it did produce an effect. I used small speakers (from a local surplus shop) of relatively close value. I was able to vibrate the strings well, but the speakers themselves gave off an irritating buzzing noise.
I would double check my layout, it was done sometime ago and I am pretty sure it is at least partially incorrect. Tayda inductors are what I had in mind too. Please let me know if you are able to figure this out! I would like to revisit this.
*Edit*
Thanks again for bringing up this project idea. It has got me thinking about it again. In retrospect, I would maybe rebuild it with this schematic:
There seems to be more evidence on youtube of people following this and being able to reproduce an ebow effect.
Actually, 3D printing an Ebow enclosure would be an awesome project!