Sure. What you're talking about is a 3 axis CNC router set up to mill a bass FB after it's been installed on the bass.
I think the PLEK system goes a bit beyond that. To me, the precision comes from knowing the FB profile with AND without string tension, and basing the adjustments on that and the desired string height (which isn't the same for everyone). So it's more about measuring than it is about machining.
Whether or not hand-tool-wielding luthiers can (and do) make adjustments that are as good is a different issue. Some can, and I bet some can't.
The thing about robotics and automation is that the programming can (and does) develop to incorporate the all of the wisdom you want to throw at it. Look at the chess playing megacomputers: only a few people in the whole world can beat them, sometimes. Automotive self-diagnostics have come a long way, too. Any logical process that a person performs can be programmed, and I can't see why luthiery would be exempt. I suppose you can get entangled in the art vs. science thing, but if there is a correct FB profile for me and my bass, it is determined via a logical process that can be repeated. To me, that's science.
