Very as interesting as compact trem circuit - I would even give it a name if I release it : SuperCompacTrem !
As I experimented many designs (but not already this "funny" one !), I have a question - I hope I am clear in my description : When you increase the rate, without touching the depth pot, do you notice an attenuation in the overall volume and a loss of the effect depth, compared to the low rate settings ? This is common on photocell LDR trems on Fenders (deluxe & twin reverb for example), due to the recovery time to black high resistance value of the LDR. So have you noticed this problem ? Would you please check accurately and tell me ?