Replacing metol with phenidone would result in a PQ developer. According to this website:
http://www.film-and-darkroom-user.org.uk/forum/archive/index.php/t-682.html ,
the following formula is "an Ilford PQ version of ID-11."
Here's the formula:
Sodium Sulphite anhyd ..... 100 g
Hydroquinone .................... 5.0 g
Phenidone ......................... 0.2 g
Boric Acid .......................... 2.7 g
Borax ................................. 6.8 g
Potassium Bromide ........... 1.0 g
I removed the sequestering agent and related chemicals. Note that due to its containing both borax and boric acid, this formula buffers better than the original D-76, so pH-shift with age should not be a problem.
Mark
EDIT: If you change borax to 3g and boric acid to 3.5g, you will have the Ilford Replenishing Developer, which the FDC recommends instead of ID-68. But the lower pH (of 8.95) will need longer dev times.