It's a nice idea but I don't think it works for hyper-focus. It doesn't tell you about where to focus for maximum DOF, but I guess it works ok for checking if you have enough DOF.... IMO, it sounds like a lot like trying to optimize focus with a tilt lens (a major PITA).
Additionally, sharpness/acceptable sharpness/DOF are significantly affected by display size (i.e. screen resolution) and many/most LCDs are low resolution.
Hi Stephen, I respect you as one of the most technically knowledgable guys on here so I'm not looking to argue for the sake of it.
My real world experience of focussing, particularly for landscape application off a tripod is that my method is fast and accurate, producing very sharp large prints. It identifies the smallest aperture required, without being excessively so and as such avoids excessive diffraction too.
My argument with hyperfocal is unless you carry a laser measure around with you it will never be bang in anyway, because how are you setting the focus? By guessing distances and the distance scale? I'd hate to do that and find what a chart had told me was acceptably sharp, was in fact not when I got home.
By using liveview, zooming in to 100%, and looking at the closest item that you need to be critically sharp then rocking the manual focus forward and back until you get it in focus on the edge, pushing the depth of field towards infinity gives you a visual confirmation it's going to be sharp. Then zip up to the horizon and check that is sharp. In the unlikely event I've got the wrong aperture, stop it down and re check. It honestly takes seconds, and then when you take the shot you know it's sharp.
The focus drops off sharply, even at small apertures, although I appreciate it's harder in low light. (Although canon is better than Nikon in this regard) I also prioritise, and teach people to prioritise the foreground objects. The reason being in a 2d image, particularly wide angle foreground heavy, those objects are still larger and normally what the eye goes to first, so the foreground, in an image where you are trying to show front to back sharpness, must be sharp, or the viewer dismisses the shot as soft. (Of course artistic choice applies separately with selective focus etc).
Just my ramblings on how I focus. Your suggestion it's similar to tilt shift is probably fair, but with practice this method takes seconds and gives you a visual confirmation of achieved focus and sharpness, even taking into account screen resolution.