Ha! I thought I had the corner on crazy ideas.
It will be curious to see what comes up for answers, but I do know this, if you go below a 16" barrel you now have an SBR (short barreled rifle) which is controlled by the National Firearms Act, that requires a $200 Federal stamp and all the associated PITA that goes with it.
Now, I suppose you MIGHT be able to get the ATF to convert it to pistol, but am unsure on that one. Besides all that it sure seems like a neat idea.
You COULD make one with a 16" barrel, but there is also a min overall length, I think.
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