I'm hearing what you are saying and implying GTX, but it takes away much of the simplicity and envisaged cost savings of utilising an already existing proportion of the existing jigs, skills and the likes of manufacturing that I'm thinking CAC already has in terms of the CA-27, with the exception of the new 45-degree wings [and undoubtedly the extended fuselage section]. The F-100, as you've alluded, has yet another type of engine [I'm still a huge fan and supporter of the Avon-powered Mirage IIIO, when it comes into service in my Alternative ADF ORBAT...😉].
On top of that, with the imbedded knowledge of the F-100 being a notable pig to fly - and its natourious unforgivable handling characteristics and accident rates...,the RAAF had enough accidents with the more advanced Mirage IIIO, so I wouldn't want Aussie pilots being exposed to such risks.] - I know this is hindsight as far as time-line, but as I said its etched into my head.
P.S. I'm also very conscious that the RAAF in many occasions obviously tried to quantum leap in terms of its aquasitions - eg CA-27 to Mirage IIIO, Canberra to F-111. But I think as has been shown through RAAF/Government history, both the RAAF/Government has shown merit/willingness in having shorter timelines for want of replacing aircraft platforms i-e When the Canberra was selected, the Government was already stipulated the need to find its replacement [V-bomber]; when the Mirage IIIO was selected, not long after the RAAF was considering the manufacture/purchase of the Mirage F1, ...So perhaps in line with this topics heading of RAAF chooses quanity over quality instead of the real-world later practice of the Mirage IIIO, F/A-18A/B, F-111C and the DHC-4 being literally flown into fatigue status, the RAAF/Government see merit in refraining from purchasing off the drawing boad state-of-the-art combat aircraft which offer in theory quantum capabilities, but in fact take decades longer to actually mature into fact - eg F-35. They go for known and proven advancement as opposed to car salesman promise and promotions.....
Any how's, that's just my thought process mate, hope you make sense of what I'm trying to say 😊.
MAD