Yes, I completely agree it is a decorative item and not a Tsuba. As for it being cast, I am still on the fence. Let us assume such huge cast decorative items were made. Where are the others? I have looked quite extensively and can not locate a single one even close to this one's size and crazy weight. Could the reason we can not find one be that it is, indeed, not cast?
I could take some more closer up pics that might shed more light on the question. Though I really don't mind if it indeed turns out to be cast!