> cutting fuel flow but also maximising airflow when there is zero throttle input

You don't want to do this. Much of the engine braking effect is from pulling the intake air charge past the mostly closed throttle plate. On a car with a wide open throttle plate [even with no fuel], the engine is acting more like a spring than a damper. On the intake stroke, it will pull an intake air charge past the small restriction of the open intake valve(s), then compress it on the compression stroke, then release that compressed energy on the "power" stroke, then exhaust it past the small restriction of the open exhaust valves. Pushing air past the valves will cost energy, but it's not much.

This is why diesel trucks' engine braking works differently. (Diesels don't have a throttle plate.) They can open the exhaust valves to prevent the energy recovery in the "power" stroke to create a higher net braking force. Jake Brake: https://en.wikipedia.org/wiki/Compression_release_engine_bra...