Welp, I managed to slap together a first demo of the automatic lip sync generation... looks like Hakunin votes democrat. Please forgive me for the absolutely shit video quality, I need to adjust the screen grab settings for fallout 2 and do a better demo later.
Was stumped for quite some time on why my .acm wasn't playing back correctly until I realized that the talking head .acm files need to have the correct bit rate encoded into the .wav file before you convert it. This doesn't matter for music, but in speech the bit rate is used by the program as part of the playback. Maybe that's how they artificially deepened Frank H's voice.
This is the third night in a row I have stayed up way too late working on this though so time to catch up on sleep.
EDIT: Also made half a dozen updates to the .LIP fallout wiki page. Discovered what a couple of the mysterious, undocumented fields do while poking around in the binaries to write the script generator:
https://falloutmods.fandom.com/wiki/LIP_File_Format