The rapatronic camera had an incredibly fast electronic shutter. To record a video they needed one camera per frame. Rather like "bullet time" in the movies. The technique in the youtube video is completely different.
It's not completely different. I'd argue it's the exact opposite. Instead of using a single single-pixel camera to record video of a repeatable event, a sequence of regular film cameras captured photographs of an unrepeatable event.
They did the way more expensive version briefly mentioned towards the start of the video, having 12+ cameras with ridiculously fast shutters (as low as 10 nanoseconds) arranged to run in seqeunce.