What environment cannot render ASCII text but can render SVG? I think converting in the other direction could be a lot more useful.
It could also serve as part of the markup input language in a system like asciidoc. The benefit is that the source resembles the output.
In this man page, I have lots of occurrences of
<-->
http://www.nongnu.org/txr/txr-manpage.htmlin verbatim code which could be turned into a nicer arrow.
Also, textual diagrams occur:
In a HTML rendering, references to exotic fonts are pretty much a nonstarter, unless you include them in the page.