With what time?
EDIT:
Also, how are you going to ready up? You know to make the match live? That's also what the mod does. What about alternatives to being a JUST pub server?
I would go for a Damn mod sabotage or domination map style. Or we find a mod that can unlock all weapons and add the ready up feature. Like this one: http://www.modcod4.com/e107_plugins/forum/forum_viewtopic.php?863
The mod you listed is basically a pub server mod w/ ready up...
I think Mohalla is bringing up good points with mods/retail play like this removing the skill gap, all mods like this are doing unlocking everything, and let the best random shot get the win. I don't see where this is coming into play when your in a competition and trying to prove who the best players are.
I do understand that you guys are upset that some of your favorite weapons/perks were removed, but are they really the only weapons/perks you can use? We all know that quite a few combinations are cheap and garbage, we even ask people to not use certain things during our small LANs.
I don't object to using another mod at all, but it should be something that is based around keeping fair competitive play, showing who has the best shot, not who has the best random shot.
Also, I don't believe having two tournament setups for this game is even close to being feasible (due to time restraints). If your only worried about your K:D ratio then take it to a pub or open play server, but if your wanting to see who the best players/teams are, then sign up for the tournament and have a fair competition.
EDIT: Also as Mohalla mentions, we can modify the current configs using PAM/DAMN/ProMod to hopefully satisfy all, but again modifications should be picked with keeping competitive play in mind, not pub action.