That won't happen – Peter would never mix and match interface elements like that.
However...
You're using Keyboard Maestro, so you don't have to live with the status quo.
You could roll-your-own Insert Execute Macro by Name command by leveraging @DanThomas' macro below:
MACRO: Go To Macro by Name (Spotlight)
Dan's done the heavy lifting. All you'd have to do is get the macro's UUID and then create the new action on-the-fly with AppleScript and the appropriate XML.
This would be relatively easy to do.
-Chris