That stamped steel top looks just like a governor cover I have that is an atmospheric compensator.
Inside, there is an airtight, sealed, thin-walled metal bellows. The bellows have a fixed quantity of air inside, so a change to atmospheric pressure (allowed to surround the bellows) makess the bellows compress at low altitude (greater pressure) or expand at high altitude (lower atmospheric pressure). The bellows are fixed on top, but free to move on the bottom, where they are coupled to a cone-shaped pin that moves up and down sort of like a boost pressure enrichment / LDA device setup. (The parts I don't belive are interchangeable.)
Very simple and self-contained, unlike the VW atmospheric pressure compensator design that relies on an external piece of voodoo equipment and a vacuum pump signal to work.