Improve on a Mark VII? The horns that everyone says are crap? I'm sure you'd like the auto industry to improve on the Plymouth Scamp or give Fiat another chance to improve on the Multipla?
Now, don't get me wrong, I've played on a good Mark VII alto. I'm sure there are good horns that are Mark VIIs.....but it seems to be a waste to try a "reference" version of it. No one would care or buy it.
In fact, I think Selmer ought to SIMPLIFY its product lines. They have the Series III, Reference, Prelude, La Voix, Series III model 52, Selmer Bundy, Series III model 62 and probably more that I am forgetting that they are currently producing.