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"this would amount to" is a grammatically correct phrase and can be used in written English.
It is typically used to express the idea of something being equivalent or adding up to a certain value or result. Example: If we add up all the expenses, this would amount to a total of $10,000.
Exact(60)
This would amount to a palace coup.
This would amount to an institutional failure.
Second, this would amount to state licensing.
This would amount to a "Troika" regime.
This would amount to an extremely sweeping new power.
This would amount to a law of "wilful neglect".
This would amount to an abrogation of the Constitution.
Optimists assumed that this would amount to a formality.
This would amount to a major overhaul in Whitehall.
This would amount to around £4.5bn each year.
[18] For Kripke this would amount to a re-baptism.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com