Overjoyed reading this thread - I’ve been lurking the forum for the past few weeks (this is my first post) trying to find anything diving into this, it seems like such a huge piece of functionality I was surprised at how little discussion there was around it. I fell in love immediately with the Teletype a couple months ago and have shifted my entire modular rack/composition approach to center around it, but it’s been a struggle to find a solution to incorporate my vintage rack synths and such into the system. Tried a Hermod for a couple weeks but it felt like I was essentially sequencing things in two different places and sending a note or two here or there or converting a few CVs to CCs – and overall in some cases generating voltage just to convert it to MIDI felt wrong from a design standpoint. I really love having all the pattern data and logic being driven outward from the Teletype, so the Hermod had to depart and I had to start teaching myself C++ and Arduino in a foolhardy attempt to see if I could spike something like the above out (I have web dev and creative coding experience but this is very new harder core territory for me).
I’ll keep pushing on learning, but I’m so excited to see more experienced hands and minds are diving into this as well! 
@scanner_darkly thank you for the explanation of the experimental fader ops as well! I’ve been scouring the web after seeing some of your Instagram posts that seemed to be doing conversion and could not understand how it was happening, as all the 16n docs seem to refer to everything being output-only (even if the protocols should/could be bi-directional). This encourages my need to build a 16n in the short term and excitement for something smaller in the modular in the longer term.
I have nothing helpful to add for the moment, just wanted to say I’m very grateful I’m not alone in dreaming about this functionality!