Could we make a V-12 air cooled light fighter powered by the de Havilland Gipsy Twelve?
No.
Well, you could but the idea is to shoot down enemy airplanes, not provide target practice for the enemy.
The Bell XP-77 was similarly powered by the air cooled Ranger V-770. Is there any advantage of a air cooled inline engine over a radial?
And this shows the stupidity of the idea.
DH Gypsy King, 18.37 liter engine, 1058lbs dry (no hydraulic pump, air pump, vacuum pump or generator or?)
525hp for take-off.
425hp at 7750ft.
The engine is narrower (more streamlined) than a P&W Wasp (22 liters) in a P-26 but it is about 100lbs heavier and the Wasp makes 550hp at 8000ft.
Ranger planned for the XP-77 was vaporware at best. In 1938 the 640lb, 12.7 liter B series engine was offering 450hp from 0 to 2000ft.
In 1942 the weight had gone up to 730lbs and power had gone to 520 for take-off, rated power was 450hp 12,000ft in the C series engine.
They used a C series engine of the XP-77 because the D series was not ready yet. C series used was good for 520hp at 12,000ft. Problem was that unlike just about most other US engines of time the T-O (military) rating was only good for one minute and not 5 minutes.
XP-77 was supposed to get a D series engine (there 5 different D series engines with different superchargers) with a Szydlowsky-Planiol (SP) supercharger. Power claims were all over the place, like over 400hp at 26,000ft?
Post war the now 870lb engine was supposed to make 450hp cruise power at 22,500ft but only a few engines showed up. Also needed 100/130 fuel.
XP-77 with the fitted engine was fast for the installed power. It also sucked at climbing. Initial climb rate does not agree with the climb to 10,000ft numbers by a large margin.
Prototype also never got guns (or armor or???)