I disagree. If such an alloy could be made and it's properties mimicked, don't you think that the properties of metal would need better definition? Our ideas aren't exclusive. They work well together.
What ideas? You just find a textbook, put those numbers in. Most of them are already in. Bronze will be harder, but you can't make it without tin. Wootz? Add it yourself. Historically, only one reserve of ore ever made it, and it took centuries to figure out why. It's already part of several mods, anyways.
If you're suggesting actually using computer modeling to have alloys go in as recipes, and get their engineering properties to just fall out based on first principles, that's never going to happen.
Although, if there metals are similar enough (leading to direct substitution with minimal lattice distortion), the assumption can hold sufficiently well. That being said, those are very rare cases.
Also, I just realised, for that formula to be correct (assuming assumptions may actually be assumed), the right hand side would have to be 100 / density, not the 1 / d I said before. Silly percentages adding extra terms.
You really can only form alloys between metals with similar valencies, crystalline structures, and atomic radii. So, you'll always end up with minimal lattice distortion, at least for certain values of "minimal".
In fact, most properties will be very close to the weighted average. Most physical properties, anyways. Unfortunately, not engineering properties. As in, the various strengths (sheer, impact, compression, tensile, etc.), I.E. the ones we really want! There's just no way to do it. You'd have to simulate the atoms interacting...because there is no formula you can evaluate to give you the answer, so simulation is the only bet. And that will take forever and you'll still have to approximate, because those damn quantum equations aren't fun. If you model them like springs, that push if they get too close, and pull if they get too far, that's pretty close to the real way that atoms behave. But even with that simplification, you have to simulate, you can't solve the equations for even only a dozen atoms interacting, and most alloys you would need more than that! In fact, I don't think you can even do it for 3 atoms at once, without having to simulate instead of just use an equation.
In conclusion, without some kind of unimaginably awesome mathematical breakthrough, there won't ever be an equation for working out the engineering properties of an alloy. I model proteins...so if there's a good way to model atomic dynamics and have a highly accurate approximation, I'd love to hear it!
While it would be awesome if in DF, you could just go and say "Hmmm, lets add a bit of tungsten to my steel, see how it behaves!" you're basically asking the impossible.
PS, percentages don't add extra terms! 50% = 0.5, not 50.