Well Anony I think you are over stating matters.
The accident you quote is the subject of much discussion elsewhere on Pprune - essentially stating that the crew well not sufficiently current to undertake the details they were tasked with. Flying the loop in a FJ is doubtless difficult, flying these features at less than a quarter of the speed is actually quite restful!
The reference to the Carno accident is also interesting - a Cessna hit from behind and yet the analysis was heavily biased that it was the Cessna's fault. Thankfully if such an accident happened again such a finding would be highly unlikely. The CANP process never worked and the inability to obey the rules of the air by military aircraft is becoming less acceptable.
Certainly flying the loop when it is 'actice' would be dumb. But I do not believe that was the OP's intent. Remove the possiblity of collision and the simple avoiding the terrain issue is easy - in a light aircraft.