I like the idea... But what exactly are we talking about... What kind of rope? If the manufacture says the rope is still good with 2-3 strands cut, is it worth it to replace a section of the strand? Would a hitch still run well? If it's a double braid I'd say no way (can't see core damage). Wesspur sells left over short lengths, start experimenting and have them broken. If you don't have it get ashleys book of knots, if there is nothing specific (which I don't think there is other than the 3 strand long splice) it will give you some ideas.
Long ago before I knew much about splicing, I repaired a crab pot with that cheap yellow plastic hollow braid. I formed my eyes, raveled the tails, and wove them back into the line. It was a non critical application. Time consuming but worked great! If I were to do it now I would just do a long straight bury...