Several problems…
1. At 100% modulation, you DO end up with over 100% audio before demodulation, but those peaks are not just incidental (program willing), but usually dissociative energy. Ala…..
2. Noise. Everywhere. Even in the pilot, causing above 20% pilot modulation.
3. The peak control is lost somewhere in what you did, so you’re taking a big hit in the peak intensity you can get. About the same loss you get from RDS (on a processor without a composite integrator like Omnia.9) with only the benefit of a few peaks above 100%, and you’re lucky if they are important to the music at all. As noted before, the thing going on here is creating a ton of noise, so you’re basically only getting random luck it’ll actually benefit the audio. So basically… It’s detrimental to the audio, vs just having normal 100% mod / 100% audio.
And this says nothing of compatibility with radios, and whatever you did here. Mainly i would be concerned with that crazy pilot, but … actually transmitting that much noise would be an excessive waste of power & licensing. 😉