As someone who has read through the Greek New Testament 11 times and also through the Septuagint once, I find this project without significance. This sounds like a bunch of Bible boys trying to show up their language skills. They are lacking their knowledge of semantics and an understanding of how languages evolve.
But I don’t want to dissuade anyone from studying Greek. It is what let me come to the knowledge that Christianity is clearly not the religion of any actual God of the universe.
I wrote this up a few years back:
https://sufficientreasons.wordpress.com