Ray,
IMO your 2-circuit idea has merit.
Comments:
--It makes sense to place a new solenoid in the trunk at the end of a 12" cable from the battery. Protecting all connections from shorts.
--Do not fuse the starter cable because it's only energized during starting and the fuse represents a point of failure.
--For the fused ops circuit, run the wire directly to the B terminal on the voltage reg, bypassing the stock solenoid.
--metal armor for starter cable and ops wire with raceway or flex conduit. Or at least provide sleeving and a protected route for the ops wire.
--figure out a way to energize the trunk solenoid in order to energize the cable for the "bump" feature on the stock solenoid - plenty of issues here.
Alternative: lose the stock solenoid with bump feature.
--Run starter cable directly to starter from trunk solenoid
--run ops cable directly to B terminal on voltage reg.
--run alternator charge wire back to battery - not sure whether this could just connect to the ops wire.
--suppose you could use a stock solenoid in the trunk and run the bump feature from there - IMO not practical
Having written the above...with respect, I'm not really buying it.
IMO the chances of such a cataclysmic failure and the need for the Volvo scenario (in a collector car, yet) are vanishingly small.
Important: by making such radical changes, we may be in fact decreasing the reliability of a known-reliable system which has worked well for generations.
What is easy to do here in order to prevent damage to the starter cable, is to armor it with metal conduit against scrapes. If correctly executed, this adds no potential for failure into an already-reliable system.
I'm more likely to run over a rock or other road obstruction than to get stuck in a life-threatening situation such as a Scandinavian winter.
Nevertheless, a very worthwhile discussion!
My 2 cents.