This was the first thing that put me off when I had to move to Corona. What if you have for example a car that has a very complex MultiSub and you just want to put a layer of dust or dirt on top of it. IMPOSSIBLE!
I would definitely vote for this idea!
Corona Blend Material also has a weakness in that it doesn't allow for transparancy in the materials themselves, only the mask. I know this is on purpose and some people consider it a feature and not a flaw. I've learned to live with it, and in fact the behavior is usefull at times.
I have a suspicion that there is a strange historical reason for why it works like this. Correct me if I'm wrong! I've many times heard people say, both IRL and online, that Corona Layered Material is better than V-Ray Blend Material because V-ray Blend is not physically correct and that "you cannot add transparent things on top off eachother". Yes, V-ray Layered material has a crazy legacy (?) mode called "Additive (shellac) mode" - that you don't have to use. And if you don't use it you can make concrete and put a glass material on top of it without any masking, kind of like how clearcoat works without breaking physics. That's how I remember it anyway. And now that I think of it, the naming is kind of backwards. Corona, that only blends/mixes is called layered! and in V-ray that can acctually treat them as layers, it's called v-ray blend material.
Proposition:
Scrap the old materials and transform:
V-ray Blend -> Chaos Layered Material
Corona Layered Material -> Chaos Blend Material
And have them both be cross compatible.
Confusing! YES! Many meetings for developers? YES!
So maybe just add a checkbox to toggle layered/blend mode?
Sorry if this was a detour, I still think that it of course it should support multi/sub!