Some background here
https://www.railforums.co.uk/threads/signalling-problems-on-the-portsmouth-direct-line.242522/ . If its 100 years old but you can still get the parts and lots of people understand how to make any changes you need, you can keep it rolling. If it's 10 years old, hard to maintain in the first place, the parts aren't made any more, and nobody is competent to change the data for alterations then it may as well go in the skip.
It is axle counters and VDUs already. Just not ones that anyone is able or willing to support
Dear god no. Realistically this would require the creation of an IP interface to carry it over the telecom network to BROC. Siemens won't even support it continuing to do what it does now, let alone new functionality/interfaces. Almost everything out there is bespoke to the system that was put in and incompatible with everything else. Without support (infeasible due to the tiny installed base; Bournemouth, Portsmouth, that's probably it because I think they said thanks but no thanks when it came to Glasgow Central after the fiasco at Portsmouth) nobody will fund creating interfaces. Skip it. Put widely supported kit in.