ArimoDave,
Your concepts are almost identical to ACR cartridges from the late 80's. The Colt version looks just like your pic. 5000fps with a 10gr flechette. Accuracy was ok, but problem was that wounding was minimal. Flechettes will zip right through a body without the person even realizing he was shot. Findings were that if the flechettes were differentially heat treated (hard at the tip, soft shank), penetration was adequate and the flechettes would bend ("fish-hook") and tumble, doing a bit more damage in soft tissue. Good news is that soft body-armor is paper to a hi-vel flechette. Steyr had a bullpup rifle with a plastic-cased cartridge with a 6200fps velocity!! The rifle had a 4 or 6 MOA illuminated donut reticle sight which would give a direct hold on a human target out to 600m.
Long story short, neat idea, but real world physics proved that conventional bullets and quality firearms are cheaper and more effective. Lightweight hi-vel flechettes are effective against soft body armor, but not much else. Flechettes do nothing against brick walls or auto bodies, and terminal effects are crap.
Peter Kokalis did extensive testing on these for SOF and other sources. I can't cite specifics right now, but i could.
As to your specific requirements (target shooting???), accuracy was mediocre at best, but drop is minimal, due to high BCs. Wind drift is excessive, though, so long range shooting is probably iffy. Adding a saboted projectile just makes a complicated equation (long range target shooting) worse. You can ignite a powder charge electronically, and it makes lock time essentially zero, but that minimal advantage is heavily outweighed by the inaccurate tendencies of saboted ammuntion. Remington produced an electronically fired version of .223 ammo with the advantages of electronic ignition, and Voere produces caseless electronically fired ammo/rifle combos which do well, but still, quality conventional ammo/rifles is still superior.
I encourage you, because I think along the same experimental lines as do you, that if you have the means, please experiment. And report back any findings, because I would like to learn of any developments.