While I will not argue against your feature request of having the modulation depth be a modulation target I would like to make a case for the ModScripter.
When i first came across the modulators I looked at the ModScripter and was extremely discouraged by it. I am not a programmer and programming seemed to be the only way to get this thing to work.
I needed another person to point out the presets to me and ever since there is no holding me back anymore.
I think we need to spread the word about this modulator and its presets (more will be implemented with an upcoming maintenance release) as this is really the star of all the modulators.
Some of the presets are of the kind as Intensity is - to work on a modulation signal from another modulator. Others are just working by themselves, so instead of having six type of modulators we have actually 10 or more. And then there is a category of modulators that use incoming MIDI data, like the one that turns the Frequency EQ (and the stock channel EQ) into a dynamic frequency equalizer.
On top of that somebody has already figured out that you can train ChatGPT to write the scripts for you. So if you want to have a certain kind of modulation try telling an AI about it. It might even create a script that produces an LFO with modulatable modulation depth.
ModScripter is not the small “uh, yes, there’s that one, too”, it is actually the best of the modulators.
Increase the abilities of ModScripter by copying some ready-made scripts and save them as a preset: