I've got that and more on my dragster. I even briefly considered a temporary mount on the bike. it reads G force, accell and lateral, shaft rpm, engine rpm, crankcase vac, oil press, 12V on/ off, voltage, fuel press and O2 on one side of the motor at a time. I could add 7 02's, manifold vac, 8 egt's engine temp, trans temp, etc. We also record barometer, water grains, temp and wind. My laptop knows if the car will pick up or slow down.
Trust me it's more than $4.99. by a wide margin. If someone builds it lots of them will be sold. Throttle position could be as simple as engine rpm's, already an electrical pulse and easier to record. Manifold vac could be taken into account and ambient temperature, an exhaust O2 probe could be used if it had a clip so it didn't fall out.
It would be fun for sure, the technology is there, the price point is the obstacle. I'd happily pay a hundred for one. We download onto a laptop so a phone app could do it.