I am still confused why you have an idea about a challenge that you yourself apparently have no interest in doing.
Have a nice Christmas as well though and I wish you fun slashing in your own way. Maybe you will try our your challenge and tell us how it went. That may actually interest the community.
Nice post, I thought I would just keep to these remarks since they relate to your question(s) and how you would do things.
Not sure if you have played Bufcore, I have, I still have my character I only want to use playing Bufcore rules. There are some other players that Play Bufcore: Cronky (he has a thread already) and Popi who has been posting in the Bufcore thread.
Now, I have experience, I am after advice from people that have this also based on my post. The major difference here is that you can use Forum Gold to purchase Wellable items instead of hoping for them to drop.
Thing is, is it worthwhile? There have been comps that I have entered and just gave up because of my Aesthetics, this one could be different, but need to find out what the Goals of it are:
#1: Is it about the highest Prof Rank in the items used? [this means the player would purchase specific Well items.]
#2: Is it about the amount of Master Quests completed in a time frame? [Group playing is a factor]
#3: Is it about the fastest to Master Quest SOLO?
#4: Is it a COMBINATION of all of these things?
#5: Is if a Fair Competition for New Players or Not?
Also, it depends on how to Monitor the competition so that no one can abuse it.
Once those things are out there, maybe it could be a regular thing.