It's a novel idea, but it completely ignores why the sidepods have undercuts, and the way it's presently shaped.
Most of the downforce is generated by the underbody, so it's still a critical design element. After the tragedies of 1994, the FIA moved to control the height of the car and the size of the underbody. Design refinement became more relevant, and the designers went hard to work maximizing the underbody. The broad concept is to produce a zone of low pressure under the car.
But the cars of that era had sidepods relatively straight from top to bottom. And in order to maximize the low pressure under the car, they had to address the leakage flowing down the sidepod and under the body of the car. Skirts had been banned, so a different solution came about. The sidepods gradually adopted undercuts, and the sidepod took on a coke bottle shape.
What happened was that the air was accelerated around the sidepod, creating a low pressure zone. That was beneficial, because having a low pressure zone directly above the underbody drastically reduced the leakage under the body.Now one other element is that the edges of the underbody are sharp edges. Anyone familiar with airflow is that air just loves flowing over a rounded curve, but hate a sharp edge. That sharp edge inhibits the air from flowing downwards.
Many elements of the car, from the rake to diffuser to shaped sidepod are there to seal off the underbody and create a low pressure zone under the car.
Racing should be decided on the track, not the court room.