Unsurprisingly there is no good/ easy/ cheap substitute for nation-wide exams*. If there was, nation-wide exams wouldn't exist, because we could save the government, schools, teachers and students a load of money, stress and administration costs.
* - Although, a part of me does wonder what 100% candid teacher predictions would look like against actual grades. Of course any kind of "official" prediction (on UCAS, or on a student's report card) or CAG submission is going to be at least slightly inflated, but I am curious what teachers would be able to predict in terms of their students success (particularly after knowing them for 2 years). I did tutoring on/off for the last few years (mainly A-Level though I also did some first year uni Chem/Physics) and I was bad at predicting their grade. I almost always underpredicted, but I think I was biased because my lessons almost always hyper-focused on what they were worst at and we would only discuss wrong answers of past papers, etc. I wonder if I was a teacher who saw a more holistic view and had a few years experience if I would be able to achieve a 80%+ pearson score against exam results.
Ultimately I think I support the decision to err on the side of caution and grade inflation. Unlike CAG-adjusted algorithm grades (which let down some students by forcing them to underperform due to historical averages), this instead is going to potentially let down students by guiding them into courses which they are not academically prepared for. Although the concern doesn't really spread to Oxbridge because most students there are so sensible and conscientious when it comes to doing work, I am concerned about students getting in for ABB+ courses who perhaps haven't even finished most of their A-Levels, let alone done the specific work and preparation that would have been required to get those grades. This goes before the other concern that perhaps 10%+ of these grades were inflated against what would have actually been achieved anyway. However, the difference is that at least these students get a chance to prove themselves on the course, which does feel better.
And ultimately these students are 18, turning 19, and entering into the part of their life where they need to be able to take responsibility for themselves and it's probably insulting to suggest that they need to be told what to do. Going to university and failing the first year is definitely not the disaster it might sound like it would be, so long as there is an appropriate reaction and follow up decisions. But these students aren't kids and I think deserve a certain amount of trust