I actually throwing this out at Mike Flemming, but you know this this is an open discussion.
I think Mike has a pretty good feel on how the algorithms are written in the EEC, and so a few interesting questions come up with a possible modded set-up:
Using the EEC as a stand alone ignition system so you can use the timing maps, instead of just the TFI triggering the coil and locking the timing as like 36*
In theory I see where this would work fine, the question are:
If I remember right, Ford cuts fuel for the rev limiter, not spark?
Why criteria changes, either the spark curve or retard, other than the knock sensor, IE: temp, TPS, O2? even Limp mode/check engine light?
It would be easier to use this system with a carb, since you can change the timing maps with a chip and burner, and with a flip chip actually run different timing maps.
Mike? Bueller? everyone? :P