Contextual alternates are normally used for certain scripts, like Arabic, where the shape of each glyph depends on the surrounding glyphs. And they are also used for cursive handwriting fonts where the stroke of the “pen” might have different connection points across letters. Texture healing is a novel application of this technology to code.”
Why has no one tried it before? Because (a) nobody thought of it and (2) OpenType alternates, while they’ve been around for a while, have not always been supported in the sorts of programs that use monospace fonts (code editors and terminals)
Conversely, nobody seems to be doing pixel-based hinting anymore, which is why all newer fonts tend to look terrible at small font sizes on lower-DPI displays.