How they arrived at that material, I don't know. But from having spent some time trying to find a better material, I suspect it was simply the best one available at the time. The vanes have to be dimensionally stable (can't grow or shrink with changes in temperature, pressure or humidity), and have a long life with very minimal lubrication. They also have to handle impact well without chipping or breaking, and not tear up the housing they run in.
Oddly enough, I happened to have a relatively recent air impact gun apart the other day. It not only has an air motor that works on basically the same principle (in reverse of course, instead of turning the crank to move air, it uses air pressure to turn the crank); but the vanes in it appeared to be exactly the same material!
As far as I know, no one has made new Judson-type superchargers in a long time (like 40 years or more). Rootes-type blowers are better in almost every way and are now readily available in sizes that suit a 2 liter motor. (For example, the TR2-4 blower kit from Moss uses a Rootes-type blower made by Eaton I believe.) However, I found a web site that purports to be by the Judson company:
https://www.judsoncompany.com
It talks about having some new parts made to the original specs, but hasn't been updated since 2008 (which I suspect means it never happened).
One of the users on the Team.Net Judson mail list posted back in 2003 that he was going to try Torlon vane material. Unfortunately I seem to have missed his report on how well it worked, and the archives don't work. Just for kicks, though, I looked up Torlon sheet. $652 for a square foot! (which wouldn't be enough to redo a TR3 Judson)
https://www.professionalplastics.com/TORLON4203