I wouldn't call a change from the original control to a vernier an "update". I'd call it an alteration. And not a good one. But that's just my opinion.
Engine control changes using aircraft quality cable-controls are minor alterations and do not require an STC, and with your permission, I would offer further comment on your contemplated change to a vernier control.
Vernier controls work very well on fuel injected and/or turbocharged engines where small, incremental power changes are frequently made and accuracy is more important due to installations that work in conjunction with constant speed props. But they are not friendly to normally aspirated engines like ours. Here's why:
1. Power applications are locked into the vernier mode unless the entire knob is captured by the operator's hand and the central knob is held in a compressed state for the entire movement of the throttle. Any inadvertent relaxation of the operator's grip will reengage the vernier function and full power will/may be prevented unless further manipulation is made. In an emergency, such as a go-around, this can be very unfriendly and distracting. (And, even if the knob is captured and full power is requested, full control movement is not accomplished until the operator makes further efforts to "screw-in" the final movement of the vernier..... in other words, full power cannot be assured easily without manipulation.)
2. Power reductions suffer the same problem in that large power changes require special manipulation of the locking knob, and vernier operations do not provide sufficient operational control to quickly set-it-and-forget-it.
3. Vernier controls require greater operator attention to achieve the desired power setting, with resultant distraction from other duties, such as traffic watch, etc. (You'll be watching gauges and fiddling with the knob instead of setting the power and getting on with flying.)
4. Our engines do not require micrometer-like vernier controls and cannot take full advantage of the vernier feature due to the relative crudeness of our induction systems and carb.
I recall many, many flight instruction periods in which I observed students/clients twisting twisting twisting twisting then re-twisting re-twisting re-twisting re-twisting knobs until I just wanted to deliberately fail the engine so they'd stop it!
"Just set the power and leave it alone!", were my frequent thoughts. This sort of behavior never occurs in ordinary friction-throttle cockpits. (Ever notice how "real" high-performance airplanes, like recip-fighters and muti-engine models NEVER have vernier controls?)
Vernier controls were introduced in higher power applications which ordinarily provided larger magnification-order vibration which could cause friction-controls to move from selected positions. They were first offered in Beech airplanes, and the snob-factor quickly led to their adoption into high performance Cessnas. Verniers are for people who wear ascots and use cigarette holders.
But I don't really have any opinion either way....
By the way.... how are you going to attach your threaded-ended vernier control to your throttle-plate lever on your carburetor? (Hint: You are unnecessarily complicating your life.)