I think it's a great idea! My main concern is size and time constraints. A 200 ref adventure does take a fair amount of time to design, playtest, and write. Also, would the illustrations all be new, or just drawn from previously published FF? [from here]
As the others have said, this might be a bit ambitious, even if it is a worthy aim. I've started loads of FF-style gamebooks, but never finished any of them (yet), even though I think there are some good ideas in there (one of my problems is that they are all so vast in scale they'd need about 800 refs each to do them justice, and that's a hell of a lot of work!). [from here]I agreed that it was ambitious, but that it could be done. For that reason, I wrote and illustrated the mini adventure that featured in the first issue (Resurrection of the Dead) to demonstrate that it could be done (and not for any ego-boosting reasons!). Whatever the merits of my own adventure, the gamble paid off and we have had an adventure in each issue since.
Here's to more adventures in the future!