The thing is that a converter is dead-easy thanks to Soarer's firmware: buy a Teensy 2, solder 4 wires to a connector, upload the firmware and plug it in.
Why do it the hard way when it can be so easy (hardware fanatics not withstanding)?
Because there are a lot of Fs that cannot be properly converted due to not sending break keycodes on some keys (usually shifts and other modifiers), just make. Meaning, it registers the press but not the release. Converters can't help with this, and one has to replace the controller or the micro entirely.
Then you could make a new pcb with the layout of your choice, with function layers, leds, whatever you want. Simply put, you get back full control on the features you want to implement in your keyboard while being able to use the mythic F switches.
Well yes, in theory. Except that building a capacitive matrix is more difficult than a regular switched matrix (such as for Cherry or Alps) due to shielding requirements, the switches require a plate, and one would have to create new barrels and flippies. Perhaps the springs as well, though some can be sourced from Unicomp. Reusing existing barrels is an option, but there's a finite supply of Fs, and it's not a viable long-term approach, not to mention that it requires making curved front and back plates since the barrels themselves are curved.
So it's doable, but requires significant investment into recreating the required parts. On the upside, said parts are relatively simple compared to fully integrated switches.