Old-fashion mechanical fuel injection (Hilborn, etc) is a speed and throttle position system with constant fuel flow. Well suited for drag racing, where our only concern is idle and WOT. But not good on the street. Modern EFI is a speed and load system with pulsed fuel flow. I've seen the old systems retrofitted with modern parts, but they're just EFI with the look of old FI.
I'm thinking one could use the mechanical system with constant fuel flow, but control the barrel valve with a servo or other electromechanical means driven by a modern EFI ECU. Eliminate all the electric injectors and retain most of the old FI system.
Do you see any problems with such an arrangement? Any bright ideas?