I think we can call the inner gimbal motions you induced "nutation" with confidence. The oscillations reflect the "rigidity" (gyroscopic stability) of the rotor's orientation WRT small disturbances.
In the case of the precessing and nutating tops, you can decompose the total movement into those two separate movements along the two gimbals. The periods of precession and nutation are generally different.
But in Iacopo's case, I believe that the axis of the flywheel is tracing a circle (or cone) around a fixed direction. This is very much the same simple movement that we call precession when it happens around a vertical axis.
Just to be clear, I'm proposing that we use "nutation" for the isolated motion of the inner gimbal, not the combined motion of the rotor's spin axis.
Granted, after Iacopo pokes the outer gimbal at 1:38, the end of the spin axis closer to the camera traces out a closed figure centered on a fixed direction, which appears to be the equilibrium spin axis direction prior to the disturbance. I see the resemblance to a precession of sorts, but I think the resemblance is misleading.
For one thing, this figure looks more like an ellipse than a circle to me. (Could just be the camera angle, but I doubt it.) If so, then the motion of the spin axis after 1:38 isn't a pure rotation about the fixed direction. Hence, it can't be described as either a precession or a nutation, as each term refers to a pure rotation of a spin axis about some other axis. (In a top, the pertinent axes are respectively the vertical and the line of nodes.)
But either way, ellipse or circle, the spin axis motion after 1:38 is a linear combination of 2 independent oscillations of equal period: (i) Oscillation of the outer gimbal excited by Iacopo's finger, and (ii) the inner gimbal's oscillatory gyroscopic reaction to (i). Oscillation (ii) then keeps (i) going, and vice-versa, until bearing friction damps them out.
I see at least 2 problems with calling this compound motion "precession" and letting it go at that:
(1) In free gyros like Iacopo's, what should we then call the pure rotation of the outer gimbal relative to the base?
(2) We lose any direct conceptual connection between the precession of a free gyro and that of a top. The latter, as you pointed out, is a pure rotation that can't be decomposed.
In the aerospace industry they seem to call nutation what everybody else calls precession. Satellites have nutation dampers. This confused me for a long time.
Arghh! An equally maddening confusion surrounds tip-speed ratio (TSR) -- arguably, the single most important thing you can know about any kind of propeller. But the TSR used by hydrodynamcists and naval architects (boat engineers) is the
reciprocal of the TSR used by aerodynamicists and aeronautical engineers. Never mind that propellers generate thrust from lift
in exactly the same way in air and water!