My first thought is that of course it can be done. But now that I've actually started thinking about it, I don't think so. Hits/eliminations aren't "ranked" so there's no way to tell (to the formula) the rank of the player who is busted out. In other words, when computing the points for player A, we know how many hits player A achieved but we don't know the ranks of the players who were player A's victims. So we can't give different amounts of points for busting out players at different stages of the tournament. Furthermore, since any player could have multiple hits, we'd have to somehow run each of them through the formula as each could be awarded different point amounts. That's just a little more advanced than the formula can handle today.