I found one of the Coleman Peak 1 packs today. I gave it a scrubbing and will post photos when I get it reassembled.
The frame is 28oz, a little more than I expected. It would be cool in carbon fiber with foam-filled channels to stiffen it. The simple slot system for hanging and adjusting the suspension is sweet. I could still see this done in beautiful laminated wood, or carbon fiber and wood. Add some updated straps and a Cuben pack bag and you have a hiking jet pack :) More to follow.
Updated photos and weights.
Frame: 28oz, 26" tall by 12" wide.

Suspension items:
Waist belt 5.6oz, which I think is pretty good
Shoulder straps: 2.2oz each
Back band: 0.8oz

The waist belt is held in place with two plastic loops on webbing mounts as toggles. The toggles simply slip through slots in the frame. Simple and light. The shoulder straps and top corners of the back back use the same mounting system.


The pack bag mounts using aluminum clevis pins that run through holes in the frame and on through grommets in the pack bag. They are retained by a stiff wire run through the pins from inside the pack bag. I would have used the loop and webbing system used elsewhere; my guess is that pins and wires are snug and cleaner in appearance. The pins and wires are 1.6oz total. There are toggles in the top corners.


The assembled pack is 3lbs 7oz. The bag is just 14.6oz, which surprised me. It is PU coated nylon and panel loading with large vertical side pockets and small outer pocket in the front panel. It is roughly 18" tall x 13" wide x 7" deep (1638ci/26.8L) and the side pockets are very loosely 14"x4"x4" (224ci/3.7L) for a total of 34.2 liters. There is about 7" of space below the pack bag and the top has lash tabs to store more above.


Using a Zpacks Blast 36 as an example, it would be possible to replace the pack bag and suspension with the 9.4oz Blast components, plus a bit more for the extra toggles and a continuous waist belt. Lets say 12 ounces. Add the 28oz frame for a total of 2lbs 8oz (40oz). That is almost a given as we have real world examples and weights. My guess is that the frame weight could be halved with UL laminates for a imaginary total weight of 28oz. Could be cool.
The goal is a pack with excellent weight transfer properties plus the extra capacity to haul bulky, ungainly stuff like inflatable boats, tripods, or bear cans. A frame designed expressly for bear cans could be very cool.
I think making an UL pack to haul more traditional heavy loads is antithetical to the whole UL process and should be avoided. Murphy's Law of Luggage states that "any travel container will be filled to just over it's designed capacity," meaning that if you build a pack capable of carrying too much weight, it will be used that way and more.
Another design that popped into my head would be to have a carbon fiber can with ergonomic styling on the pack panel with bosses and tabs to mount the suspension components. Top it off with a Cuben shower cap for a lid and you have a waterproof pack that is also the frame. You could mold recesses into the sides or front and bridge them with netting or mesh for outside pockets, or just tack on Cuben pockets where you like them. Make the top saddle shaped and your bear can could nest there.
My $0.02