What a great way to screw up their real game. I'd be surprised if any players had much interest at all in playing such an event. Well, maybe some low tier guys would play, knowing that top players would avoid it.
If you want, you can find reruns of Shell's Wonderful World of Golf on TGC just about every week...
The challenge was "in your head"!
I know it was in mine, but after a six on the very first hole the challenge went away, I was able to relax and play my game, and shot fairly well the rest of the round.
Maybe as an Exhibition Event during the winter season.
I doubt many players would be willing to participate.
There's no money to support Vintage equipment for starters, not to mention an paying audience.
I doubt the PGA would pay or foot the bill for TV cost, or find sponsors willing.