Tilting trains allow you to marginally increase speeds around bends at the cost of increased mass. No matter how sophisticated a modern Pendolino design may be, the same traction package would perform better in a lighter, non-tiling bodyshell. The problem with increased mass is that it makes it slower to accelerate and decelerate. On some routes, that can reduce or wipe out the journey time improvements from being able to tilt. The HS2 classic-compatibles will be slower than Pendolinos on the northern WCML but not drastically so because of that fact.
The cost of tilt doesn't make sense for a single regional route with a maximum 1.5tph in future. Tilt cutting London-Glasgow journey times from 5 to 4.5 hours has a big effect on the economics of rail travel versus air travel, since that 30 minutes would be enough to make air faster for a large number of journeys. Inverness has no flights to Glasgow or Edinburgh so travellers only have the choice of train, car or bus. Train typically wins out by default then for the sorts of journeys where rail is even an option - e.g. a business traveller headed for a meeting and wanting to do a bit of work on the way. For other travellers, it wouldn't matter if rail were massively faster, since the start or end of their journeys is in an unsuitable place.
If the government wants to spend money cutting specifically Inverness to Central Belt journey times by serious amounts, then arguably subsidising a Loganair route would be a better use of money. Otherwise, expensive journey time improvements will need some other good justification. The idea of an express line in Fife might work because speeding up journeys to Inverness would be just one of the benefits it could deliver. Tilt, on the other hand, would be more-or-less pointless for all other journeys.