I put on such a meet back in the early 1990's indoors at the old BU Armory. We had Manhattan, Northeastern, Penn State and BU men compete in a 10 event meet that lasted a little over an hour. We had 4 athletes per event, with all athletes scoring. I don't remember how I set up scoring, maybe 5-4-2-1? We had the PV and HJ with 4 attempt limit and the SP and LJ with 3 attempts. On the track we had the 55, 55h, 400, 800, mile and 4x4. The team scoring came down to the 4x4 with all four teams in contention. Most of the events ran consecutively with a running event followed by a field event when possible. I think maybe the PV and HJ went on while oval races were going on. I do remember having the SP in the infield and nothing else going on, as was the case with the LJ.
Harry Groves came up to me after the meet and said it was a great meet and a great concept, but I should never run it again, because it would kill the sport. He was a proponent of sending a full team to the NCAA Championships and also believed that if AD's got wind of this shortened version of a track meet, they would cut the sport even more.
I don't remember if this was before or after men's scholarships got cut to 12.5, but I never ran that meet again. Instead our Terrier Classic and Valentine meet grew to over 3000 participants with the meets lasting forever.
I certainly enjoyed putting on that 1 hour meet a lot more than putting on those marathon 8+ hour meets....ha, ha. I even had visions of televising the meet via our school's media center. No Flotrack back then.