Definitely not happening in the 60s then. I can't find the exact military figures right now, but for large commercial aircraft engines and 'systems' are 15% of the build cost, final assembly another 5%. You can quibble that military engines are more expensive, but everything military is more expensive so it probably balances out. 80% of the value is going back to the US, and even that's optimistic as I suspect Vougth will claw back a chunk of the avionics spend as well to 'make sure it's compatible'.
Avon-Crusader would cost a lot to develop and certify, kill of any fighter design or development capability in the UK (bare in mind we are discussing this being the only fighter the UK is building), deliver basically no British jobs and cost a fortune in dollars. It's a terrible idea.
Since Vought was facing extreme pressure from MaCAir and Grumman I think they may have been very willing to share, especially in the F8U-3 that was competing against the Phantom. They pretty much new they weren't going to win that early on so making Shorts a full partner may have allowed them to continue. With the French on board for the Naval version it may have had a head start on a NATO joint program. ANd maybe some potential for Canada and/or Australia.