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I think that the bulk of IU’s plan to make IUI an R1 school is to bolster research at Bloomington such that it can count IUSM towards IUI’s numbers. If IU were to count IUSM towards IUI’s numbers today, IUB may not be an R1 school.
That is likely true. IUPUI could have been an R1 university, had it been able to count the Med School which IUB counted.. without it IUB might not have made the R1 status itself. How IU will have an R1 in both Bloomington and Indy is an open question.
The University of California system has multiple R1 campuses, some of which are much younger campuses than IUPUI/IUI. It’s certainly attainable.