OK, I tried it today, and it was... OK.
Cream cheese, softened butter, vanilla, and stevia was the initial idea.
I decided to double down on the green of the stevia and add pistachio nuts for a bit of crunchy texture. So I tried chopping them up a bit in the blender, which produced, even at low speed, a dismaying variety of chunk sizes ranging from still-whole nut meats to some powdery shmootz approaching nut butter. I ended up creaming it all, and I can't say anyone noticed a pistachio taste in the final product, so that particular sub-experiment is now off the list for future batches.
Next surprise was the texture... So thick the (high-powered) blender couldn't blend. I really need to get an old electric beater or a fancy countertop mixer gizmo, but for now I've got enough expensive appliances and I'm using what I've got. I use the blender for the frosting in the original recipe with powdered sugar. Anyway, I added some creme fraiche (like sour cream) to start thinning it out and it was getting a bit sour, so I switched to fresh whipping cream. I kept adding that carefully bit by bit and it took quite a lot to make the mix manageable.
Then I had a flashback and remembered observing in the regular recipe how the mixture thinned out and smoothed out when the icing sugar was added, it really surprised me how it changed the texture and made it more manageable.
Anyway, back to now: Color. I was expecting bright green like my homemade toothpaste with stevia and it was a milky yellowish green instead. Makes sense with all that cream cheese and cream I suppose. Didn't know what to do about that, couldn't think of anything appropriate to add to green it up -- any ideas?
Next: Taste test told me this is too stevia-y. So I broke down and added 1/3 cup of evaporated cane juice (I won't use the 'S' word), which we in our house call "rat poison." That took the edge off a bit. It could have used more but I didn't want to add more. Coconut sugar would have totally ruined the color. In retrospect, maybe Xylitol would have been the ticket. Xylitol makes things sticky and runny in my
experience, so not sure how that will pan out.
I noticed the mass was getting grainy and the grains were surrounded by a tiny bit of watery stuff. So I decided to add something like the cornstarch that's in icing sugar. I reached for agar agar and then arrowroot, as I kept adding more whipping cream. Finally I got it to an acceptable texture that would blend.
The result was just passable. Color was weird. Texture was more light and whipped-cream like than I wanted. It was not quite sweet enough. And it lacked that sparkle and compactness that the icing sugar gives it.
So next time I'll make some adjustments. Probably will add more stevia and use xylitol too. Maybe I'll look for especially green stevia leaves to make powder of. And maybe I'll look for some neutral-tasting, acceptable oil that's high in Omega 3's and low in Omega 6's to thin it out instead of whipping cream -- anyone know of anything that fits the bill? I'm trying to avoid the typical seed oils (sunflower etc.) that are high in Omega 6.
Hope my meh experiment can serve to inform others' efforts for a healthy cream cheese frosting, anyway. And if anyone wants to report on their experiments at healthy cake frosting, please do!