It seems to me that such arrangement cannot work. Let's say a BD train has just arrived to Southern track, and there is no SRT trains yet. In a minute or two, SRT train arrives. It must go to the Southern track, to pick up people who arrived with the last BD train.
But now, the SRT train has brought its own passengers to the Southern track, and they want to board BD. There are only two options: a) The original BD train does not depart from the Southern track until all SRT passengers board it. This would compromise the BD headways. b) The original BD train leaves when it is due. The next BD train is on the Northern track, and the SRT passengers have to walk up / down stairs to reach it.
The scheme would work if both BD and SRT use tail crossowers. Then, BD would always arrive on Southern track and depart from Northern track, and SRT would always arrive on Northern track and depart from Southern track. But to get the tail crossover on SRT, one of its tracks would have to change levels and cross under / over BD.
That's assuming that they both need to use both sets of tracks all the time. During rush hour, when the headway is 2 mins-ish, they can use either platform without a problem, as the wait will be minimal. But during non-peak periods, they could use only the southern track (much as they do at Sheppard-Yonge now, where the Sheppard train waits there for x number of minutes, just before the next one is about to come, then departs). Put the crossover before the station in each case, and then you can direct the train to the appropriate platform.
Even assuming 4 minute headways on each system that (for some weird reason) don't overlap, then it could go like this:
B-D at 0 min arrives at southern platform
B-D at 1 min departs southern platform
SRT at 2 min arrives southern platform (picks up passengers from B-D)
SRT at 3 min departs southern platform
B-D at 4 min arrives southern platform
Even with that non-peak arrangement, that's only 2 minutes between when SRT arrives and when B-D does. That timing can even be shortened up until the point where the northern platform is needed, mainly during peak hours. When you look at terminus stations now, outside of peak hour, there are rarely two trains waiting there to take passengers. And if there are, the one is pulling in just as the other one is leaving.