The force (torque) pulls the element down, you hold the camera, don't you? That is the "rotation point". The further the weight is from where you hold the camera, the higher the torque. The weight remains the same, of course.
You hold the camera, the nut in your example. The lens weight -> spanner. If the lens is too heavy you dont drop the camera, rather the lens will rotate downward.
Yes, it does. I can't use "correct terminology" because my physics courses were not taught in English (and were long ago, of course).
You hold the camera, yes? That is the point of rotation. The further away you move the weight from that point, the harder it is to keep the camera pointing horizontal, the more force you have to apply to counter that the lens is going to point downward (the rotation I mentioned). You have to "counter" the rotation with your hands, with your muscles.