For the consumer version I would have gone with a 68030 (probably a 68EC030 for cost reasons). However I would have aimed to release an A1400 in late 1994 (for the holiday season), probably with a 28MHz 68030, 4MB RAM and a 1.76MB floppy drive, but otherwise keeping the same components as the A1200 to keep development costs down. Ship it with Sim CIty 2000 and a Doom clone.
In 2006 (for the holiday season), the A1600 would have had a 40MHz 68030 (a sad side effect of the high prices the 68060 commanded, and the high power requirements of the 68040). Remembering the cost of RAM back then, I don't know if 8MB would have been viable for the base configuration, but 6MB (4 chip, 2 fast) could have been viable. The chipset could have been updated for this revision, to include a 256 colour native chunky mode, and a full 32-bit blitter. And maybe 16-bit audio. And a VGA connector as the chipset could support higher resolutions. As a simple machine, the motherboard would have been reduced in size despite the updates, which would have reduced prices. Use of a SIMM slot for the fast RAM would have allowed an 8MB shipping product at a higher price.