I could be mistaken but, based on my limited experience with target rings, it wouldn't be possible to achieve the multiple animations of that original ring mod.
To the best of my knowledge (correct me if I'm wrong) there is no ability to control the direction of rotation of the target ring.
There is also (again to the best of my knowledge) no way to make the target ring, or any portion of it, fade in and out.
The visual look of the target ring could be duplicated, but not the animation.
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