It's pretty hard to design a mercury ballast that would shut off at end of life because the voltage in a mercury lamp doesn't rise up too much throught its life.
More useful would be lumen feedback regulating lamp power for given light output - it is not necessary to spend full rated power, when the fresh lamp would give 40% more lumens then needed:
Assume you want to use 175W MV/DX. Let say such lamp has 10000lumens at full power when new, but 7000lumens at EOL, so lighting installation would be designed for 7000lumen/lamp. In such installation brighter lamp has no added value (but dimmer lamp mean "not working", as the required illumination would not be met)
So the ballast would be set to regulate 7000lumens/lamp. When the lamp is fresh, ~125W would suffice. As the lamp age, it will loosen it's efficacy, so the ballast would accordingly increase the power to keep the required 7000lm level. At the lamp EOL the ballast would reach 175W power level and at this point set a "Replace lamp immediatelly" flag (and in home yardblasters do not light next time to enforce the owner to replace the lamp). With such system the designed illumination level would be met exactly like with standard 175watter, but with ~15..20% energy usage reduction.
An improvement would be to control the illumination level by this system - as during e.g. full moon lumen requirements are lower, so the wattage might be reduced further - of course with some "minimum clamp"...