On the paper, why not but, DomJones, you need to come up with a practical solution adapted to our sport. If you disqualify a practical solution (Size Equalizer) solving one issue (ballast) by coming up with a theoritical solution to solve two issues but that is not practical, you end up solving zero issue.
This subject has been turned in many ways, I don't see any practical solution to what you suggest.
However, Harness protection is another subject than the ballast issue and you can much more easily sort each issue separately in a practical manner. Shock absorption criteria is far better criteria than area or volume criteria. There are a lot of voluminous protection on the market that are not very effective, if effective at all. Big is not enough for a protection.
Comments
I believe it would be far better to mandate minimum frontal areas for competition harnesses (at each weight range/level), with the additional volume taken up with protection.
An "F1" style system whereby harness minima (protection levels and frontal areas for weight ranges) are set by a central technical safety committee (as part of CIVL, presumably?) would be a much better way of evening out performance, and also combats the issue of a race to reduce protection levels as they also have a tendency to reduce frontal drag area, and so risk homeostasis and natural competitive instinct combine to push designs ever more towards performance at the cost of lower safety.
This would allow for greater protection across all harnesses, and increasing protection volume with increase in weight, where total energy/momentum is also higher in the event of an incident.
I appreciate that this would make competition harness design slightly more complex, but in my opinion this type of aproach is necessary to avoid the trap of performance gains driving ever lower safety in design, something which has been seen in many other sports prior, and to which this solution is by far the most commonly successful approach.
It allows for innovation, but within a set of criteria guaranteeing better protection (and in this instance neatly also solving the performance vs weight issue that causes excessive ballast issues for smaller pilots).