LOL Helen, the scary thing is that that might actually work.
Though, to be honest, I have a new Holga, and it's remarkable light-leak free. Of the two rolls (24 shots) that I took in New York last month, only two frames have leaks.
Though, anyway, making your own TTL meter sounds like a pretty good idea. I actually might buy another Holga and try to build something in. obviously, TTL isn't going to work well due to its design. Though due to its spirit of imperfection, something could be placed near the lens or viewfinder on the outside of the camera, with the electronics squeezed in underneath one of the frame masks; just put the LED right up to the viewfinder.