Has there ever been a gadget that interfaces between an hd floppy drive and a standard Amiga and does MFM en/decoding on the fly?
It would be easier to create something that buffers an entire track. For reading it's relatively easy. You read from the disk and send it to the Amiga at half speed.
For writing you have to hold off stepping the head until the data has actually been written. Although you could start writing to the disk after you have received more than half a track, which would reduce the amount of extra delay. You need to avoid a buffer underrun at all costs though.
It probably wouldn't be that hard to do, but involves quite a bit of investment which you may not recover due to the small number you'd sell.