I thought I might somehow mount a large knob to the bolt and then it would be almost as it was designed. But my solution does everything I need and I am fine with it. Further, with a bolt I can can tighten it more for better security.
As I said, a lousy design. The heavy motor and, actually, all the moving and controlling parts, are supported by this one bolt. In time, without a locking device, it will loosen and cause wobble and thus shorten the life. And make noise.
On the other hand, it's kind of cool looking. It has some useless functions as well, but they were struggling to add value. My guess is that the unit won't last long, maybe motor or bearing failure, who knows. For now, it works.