I bet you'd see a near TDI BSFC map with a cam like that and a properly setup variable vane turbo. The only problem I can think of would be harder starting in the cold. Would the valve staying open that long imply more risk in terms of interference?
Sounds like a neat project to me.My only question would be why not try putting it into a currently running engine first? If you have a motor that you know is going to run a certain way, you will be albe to change the cam and measure the difference. If you put it in a freshly rebuilt engine, it may be more difficult to gauge the difference that this cam will make.