The downvote means: "I cannot tell whats wrong with the theory b/c I didnt even read it. I don't know what a spinor is, nor am I familiar with the concept of point splitting. I dont even understand why the coupling constant is superfluous b/c I always thought the dimension of a spinor is -3/2 instead of -1/2."
But downvoting in the first place seems reasonable.
Not trying to attack the standard model here but rather showing interest in discussing a new approach.