Also, fwiw, this Formula was decreed over 1000 years before the Law of Quo Primum
Well it's not worth much, we already went over this.
I think very few people indeed (perhaps only you) would think that the words, "omit nothing" translates to,
"Always name whoever is touted as the legitimate Roman Pontiff at that time in the Te Igitur regardless of all circuмstances and evidence to the contrary."
Then those who did not continue to name Pius V in the Mass when he was dead would have "omitted something", and violated Quo Primum.
Then those who did not know Pius V had died and Gregory XIII had been elected and they continued to name Pius V in the Canon would have been "omitting" the name of the true Pope.
Obviously the "omit nothing" means "removing anything that the rubrics proscribe."
The rubrics proscribe naming the Roman Pontiff when alive.
If there is no Roman Pontiff at the time then that is to be OMITTED.
So, even according to your janky logic here, just following the rubrics in the case of sede vacante would be to violate Quo Primum! The rubrics call to "omit something"

I don't think any sane person would agree with you on this, but it is not essential to understanding the formula of Pope Hormisdas anyway.