The office of Chancellor replaced

Frederick III was German Emperor for 99 days in 1888.
Suppose Frederick III lives longer.
Suppose he accomplishes the following: the office of Chancellor, responsible to the Emperor, would be replaced with a British-style cabinet, with ministers responsible to the Reichstag.
What happens then?
 
Coalition governments with at least 3 coalition parties with all the inherent instabilities this would have brought about. (The only elections where a 2 party coalition would have been theoretically possible would have been the 1912 ones with an SPD - Zentrum coalition, with a very narrow majority of merely 3 seats.) The political landscape of Imperial Germany was quite fragmented with at least 8 parties having members in the Reichstag at any given time, the strongest being the SPD with 110 out of 397 seats in the 1912 elections.
 
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