I will set it up and everyone dump some cash into a paypal account and then lets have a winner take all type squadron event.
Entry fee could be $50 per squadron (8 pilot maximum) and you have to be able to do it all though. Not just fighter vs fighter; you would need to be able to hit within a target circle in fighter bombers, level bombers from 30k, escort bombers through enemy to have them hit the target, loaded F4U-1D's off a carrier (no rear roll), torpedo attacks, etc...
I think you might be on to something but it has to be done right. Since I don't fly at all anymore I will resub just to be a promoter of sorts. So $50 per squadron and winner take all. On the 8 pilot maximum I don't care if you have 200 people in your squadron you bring your best 8 to the dance. Don't just bring your best 8 fighter jocks you need to make sure that you spread the love and be ready to roll all at once. I actually have this written out in a document I wrote up called the "Battle E Competition" a while back. I took some stuff from the old VMF-323 "Deathrattlers" internal squadron competition and added some things for VF-17 when I was running that to begin some inter-squadron competitions based on the Air Force event that they do called "William Tell" and the "Red Flag" exercise.