I was under the impression we were in the business of re-implementing existing Commodore computers. Not inventing new APIs for which there is no software for. Let the existing Commodore models be the "standard".
There is software available for the ColdFire! Add ColdFire instructions to the 68k and this software will run with a very high degree of compatibility on the new 68k + CF.
The problem shows when you alter instruction sets, register structure, etc.. which will kill the capability to run existing software. Increasing memory, frequency, caches, etc..
Well, Mike better go back to the 68000 and throw out all the 68020 changes because he's killed compatibility with 68000 code, right? This is blatantly wrong! The 68000 to a 68020 was a very radical change, was not 100% compatible and made a few mistakes in my opinion but it was still a big enhancement in a positive direction. Adding CF instructions would be much more compatible than 68000 to 68020. It would be more compatible than enlarging the caches. Maybe you should stick with the MiniMig and ECS so you have all that compatibility. Oh wait, they enlarged memory and added new storage devices. There went compatibility. I guess your only option is an original unexpanded Amiga 1000 so you can enjoy your compatibility.
If you want updated performance, try Intel Core (MIPS for freedom, or ARM for efficiency might be alternatives), Intel graphics (free API), it ends up being a PC. Though ARM + Graphics is becoming more common as well. However any compatibility goes out the window. Also modern systems use memory protection, preemptive multitasking, virtual memory, and user accounts which asfair AmigaOS doesn't support.
I think an updated 68k processor has more potential than ARM. I think with a few relatively minor additions the 68k can have...
+ better performance
+ better code density (I think 68CF+ can have 5-10% better code density than 68020)
+ easier to program
with the negatives of...
- higher power requirements (but still good and better than x86 derivatives)
- more gates (cost not really a problem today, power requirements higher)
I'm sorry if you can't see the potential.