We do have motion envelopes which is what SW does. They seems to still be very crude. It also doesn't use the "paper part" method of trace curves. If the two were united, then you might have something.
Overall, this is indeed an interesting subject. I overlayed a swept solid to a thickened solid and ended up with wildly different shapes. One of the major issues here is one that is compounded by the significant difference between the normals of the inside and outside curves. Sweeps can only utilize one. With the reversal, other sweep methods have to be broken up or it will fail. It is yet another mobius problem.