The idea is not bad, but the format with two versions is boring. It should be integrated with SOD to allow for GM restructuring, and then it would be playable.
In fact, nothing prevents playing one game if the versions are agreed upon with the opponent. One of the reasons for having two versions is to attract and involve newcomers in VT and these templates, while still keeping a number of strong VT players in the tournament.
Added 1 minute ago
Why not hold a tournament on full-VT? I'm ready to create a micro-intro-manual guide.
SOD players are afraid of experience, taxes, and classes like fire, I remember it myself)
A micro-manual guide would be very helpful!