VIDEO: Evolution of Perpetual Motion, WORKING Free Energy Generator [?]

Yes, it would work. However the Peltier chip + motor is a plug-and-play solution taking advantage of mass-produced devices made very cheaply due to high demand. A complex machined solution like that could go into the hundreds of dollars.
 
Here are a couple of links to videos which claim self-running magnetic motors:

https://www.youtube.com/watch?v=P-a8QAeCoNU
https://www.youtube.com/watch?v=lCMuDBajFjU

I can't see any trickery involved. Not impossible, but seemingly very unlikely.
 
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