Good to see the official scheme pages have ignited positive ideas here. I don't see though how building a new Meldon Viaduct plus new rail formation on either side, could possibly be cheaper than strengthening and further refurb of the existing bridge, unless some creative accounting is involved for the latter. If a new bridge is likely to ruin the BCR, sabotaging the whole route opening, don't do it. Ribblehead works fine as a single track, so could Meldon, with the cycle path alongside, as it already is up from Okehampton.
Actually, on that point, the Oke Parkway proposals include the Dartmoor rly services so ironically, the cycle path as far as Meldon Quarry station would have to go, as the 25mph trains would presumably need their own track, with the other track for modern trains, unless they are allowed to share one track, which seems unlikely.