The foil on the neck tenon or the receiving end (on the sax body)? Are you just using pressure to hold in place or an adhesive?
Using the foil on the neck connection actually is a pretty good idea. I can't think of any adverse affects except that if you "over compensate" you may end up damaging the neck tenon. Also, the "replacing the neck cork with foil" idea probably isn't the greatest. Foil doesn't compress and is really slippery so it would be very hard to make the mouthpiece stay where you want it to. Also, foil made from aluminum or tin will vibrate a lot and probably create a lot of buzzy feedback-y sound.
Using the foil on the neck connection actually is a pretty good idea. I can't think of any adverse affects except that if you "over compensate" you may end up damaging the neck tenon. Also, the "replacing the neck cork with foil" idea probably isn't the greatest. Foil doesn't compress and is really slippery so it would be very hard to make the mouthpiece stay where you want it to. Also, foil made from aluminum or tin will vibrate a lot and probably create a lot of buzzy feedback-y sound.