I have been flying my profile carrier model with 2 lines with electronic throttle control for over 10 years now. As long as the electronic signal is sent down the lines it's legal. Electronic throttle has some advantages, however the lines are coated so they are thicker than the normal braided lines. I don't have any 3-line airplanes in my fleet at all, everything I have has electronic throttle control.
Electronic throttle control can also be used to control an ESC for electric power. Replace the throttle servo with a speed control and you are in business.