I see.
That's a wonderful idea for a feature request!
Making a proportional bold/light effect is a very useful and I would like it as well, if its possible.
But I think it deserves its own thread.
To my understanding, my problem is different then yours.
The problem I'm facing is different and much a simpler problem to solve.
As you can see, when I make a font bold (that has overlapping contours), while all the contours are clockwise (which is good), when I perform thin/bold effect some of them turn counter-clockwise, therefore, making some contours thin instead of bold.
On the right glyph (green marked) I "solved" it by merging the contours as you said before performing the bold effect. But that's exactly the problem - I want to keep the contours seperate, I don't want to merge them.
On the left glyph (red marked) you can see that the contours are not merged (And I want to keep that way).
Again, I don't mind that its 'crossing' over the baseline and the proportion changes. That's actually a good thing in my case (it helps me shape the letter exactly the way I want).
That's why its a different problem than what you're saying.
Though, I'd love to support your feature request.
