If you had the machines & tooling (or access to them), you absolutely could. My Ocelot takes about $20 worth of material to make and will markedly outperform the monocore GM22, especially on handguns.
Heck, even if you don't have much tooling, you can do OK for rimfire. I experimented with some of the imported "fuel filter kits" you see on ebay as both a service to the F1 community since I don't have to pay NFA tax to manufacture, and out of my own curiosity, actually got pretty respectable performance out of them using a few of the baffles from a second $9 kit:
View attachment 866474
https://www.ar15.com/forums/Armory/The-cheap-chinese-can-experiment/55-502440/
To make the alterations I did would take a decent amount of time without a mill and lathe, but you really could pull it off with a small drill press, a vise, hand files and a hack saw.