Hi Ian,
We've discussed similar problems on the Paddleducks forum regarding flash boiler control and the use of PIC controllers.
As you know I had a simlilar requirement for controlling direction and throttle from one channel, which, although achievable by using PICs, I reverted to two channels as a more practical solution.
I have made and programmed a small PIC board for my reversing gear and drains valves (see
http://www.modelboatmayhem.co.uk/forum/index.php?topic=15501.0 ), which can be programmed for just about anything that has one servo input and up to three servo outputs.
The downside of the solution is having to gain the skills to build and program such a device.
Have you considered a mechanical solution of a crank arm coming off the pitch servo and operating the throttle. As the pitch servo turns through say 90deg, at zero deg it could represent full reverse pitch and full throttle - at 45deg, zero pitch and minimum throttle and at 90deg, full forward pitch and full throttle. The P96 would be useful for extending the 90deg movement to 160deg (check their data) and give greater control over the required movement to the throttle.
Of course you could use two separate servos from the same channel and suitable crank linkages, if the throttle and pitch mechanical controls are not physically close.
Would a sketch be useful?
Ian G.