So....
the FV-1 was essentially the same architecture as a old Alesis/Wavefront DSP that was specifically create for Audio/Guitar. You program in assembly language and it works a bit different than a normal CPU. There is one master loop. You essential start at the top of the code when a new sample is ready and have a fixed number of instructions afterwards. Little to no conditionals. It really is for time domain data flow processing.
The original designer of the FV-1 worked on the Alesis chip and it was his baby. He passed away over 10 years ago and there were no new chips.
For time domain processing, it would actually out perform many general purpose MCUs for certain tasks at a low clock rate. It is tuned from some very specific instructions. I actually got it to do more than a 100MHz cortex M4 for some DSP tasks.
That being said, the SigmaDSP from Analog devices work essentially the same way except that has a lot more under the hook and is actively developed. It works the same way, you process per sample and have a fixed number of instructions until the next audio sample. It can do everything the FV-1 can and more.