The tough part will be guarding against Goodhart’s Law. I suspect that the current system of publications and grant money as an indicator of ability started out as an attempt to improve the efficiency of scientific progress and has by now been thoroughly Goodharted.
As Lumifer points out, tenure was intended to give productive scientists some protected time so they could think. However, the amount of hoops you jump through on the way to getting there puts you through the opposite of protected time so by the time you get tenure you’ve gotten jaded, cynical, and acquired some habits useful for academic survival but harmful to academic excellence.
This has taught me that I find it more intuitive to think in terms of conditional probabilities than marginal probabilities.