If students learn the vocabulary and practice the math to do better on the test, at some point it just becomes the Key and Peele Heist sketch: "That's called a job!"
There's probably another 20 points that can be picked up by learning to read the questions very carefully -- so that you don't race to show how quickly you can spin-up an off-task answer that precisely matches the wrong question. Getting that right also "is not an inherently bad thing."
The verbal section is a bit more of a swamp, and there might be a larger element of gamesmanship there. But for schools like MIT, where math aptitude is the main event, I think keeping a math-focused role for the SAT can help a lot.
It identifies not just the elite-school wizards with lots of AP and math SAT 800s -- but also the teens from humbler public schools that didn't have an AP track, but whose 790s on the (pre-calc focused) math SATs speak to their ability to play at a higher level.
Apropos of analogies, I think the test-takers got rid of those because they can be ridiculously skewed to particular (affluent) cultures. For some people, it's obvious if yacht-to-dingy is akin to symphony-to-quartet. For people who grew up with less money, it is a total WTF moment.
It does miss something: in specific ethnic enclaves SAT coaching is much more effective, perhaps because of a culture of out-of-school schoolwork and teaching beyond SAT prep. Those enclaves aren't particularly wealthy either (if I recall correctly it was a Korean enclave). Even then we're talking 70 points -- not nothing, but also not a radical transformation.
That would depend on the baseline score. For instance, if it was a 1510 baseline and then went up +70, then it would be useful.