Hm..... There is nothing against to do the same on x86 platform, introduce debCore86 with the great Debian repository. This would position Core as one of the many Debian clones, loosing its original idea and unique ground, depending on a Big Brother giving up independency.
And half year later if someone asks what is Tiny Core Linux the answer is 'Just a strange Debian or Ubuntu something using uncommond approach, forget it.' And in one year time it is gone.
Back to RPI I understand lack of resources, but if TC on x86 is fine with current repository, RPI version can survive with less than 40,000 extensions. Current build scripts can be easily reused to have piCore offering similar functionality as TC today.
It is good to speed up the startup, to have a bootstrap toolchain, but thats all. If it is officially a .deb converter, no way back. Making this move would mean to give up Tiny Core philosophy.
I'm sure it is possible to build a community keeping the original idea. Maybe it is slow, for sure different than existing, but can work. You need marketing. You can touch many RPI funs, both professionals and hobbist who do not know TC yet. To be 10th of RPI is different than to be 500th on x86.
Make available a minimal system with a development toolchain and introduce as an ideal platform for small systems for both hw and QEMU in the RPI community. They will like it. There is a great momentum. Use it.
But please, do not piggiback on the Debian repository and do not kill Tiny Core!
P.S. Read this
http://forum.tinycorelinux.net/index.php/topic,13864.0.html