nice!
I wonder - you could probably free-wire a resistor between the voltage for each slider and the LED leg on the faders. Thus brightness of LED increases with fader position.
This might change the overall max voltage on the fader, but maybe not enough to worry about.
Stupid idea #2 - make a little protoboard with another MUX and freewire that to the teensy and each fader led - then you could pragmatically control all of them. 