No, no, I see your point and I would do it for HSP, if I could make it work out properly.
However, I'm not sure I can, at least not the way I would most like to. The parameter I would much rather control is the length of a tactical air attack, which is 5 hours.
The Germans were masters of achieving high sortie rates per day. The key was to keep their air units well forward, so that flying time was held to a minimum. Then pilots could literally shuttle back and forth, landing & refueling & rearming & taking off again without even turning off the engine.
-- In France 1940 the fighters and dive bombers managed 4 sorties each per day.
-- At the siege of Sevastopol, some dive bomber units were based literally within sight of the city (like a scenario from Battlefield 1942) and could fly a dozen sorties per day.
That's impossible in HOI, obviously, because of the "granularity" between neighboring provinces and the 5-hour raid structure. The most you can hope for in a long summer day is 3 raids of 7 hours each, and even that requires that you arrive at the target just before dawn, and leave it after dusk.
Now, it MIGHT still be interesting to set the aircraft speed very low for the Soviets, for example, to represent lower serviceability and poorer ground crews. Then while the Germans were getting their 2 or 3 raids per day, the Soviets (who managed 2 raids per day during the Arctic winter in my Winter War AAR, arriving before dawn and leaving after dusk) would only fly one. Their interception capability could be held lower too.
I was satisfied in the Winter War AAR that the total effect of the Soviet raids was reasonable, so not much tweaking would be needed to bombing ratings.
I like this, actually. For the Chinese, both sides in Spain, all sorts of second-tier air forces, it might work out very well.
One big consideration: this won't work for aircraft with ranges much above 300 km. They'll wind up "hovering" in highly unrealistic fashion in enemy-held provinces, and they'll be cut to ribbons by the AA or by interceptors. So the aircraft that we would most like to hold to one sortie per day -- the heavy bombers -- we can't really mess with.
I also recall someone saying that speed affects interception. This might be another tool for fine-tuning performance, if we knew that an extra 25 kph difference in speed between bomber and fighter might prevent an interception.