Dan,
I wasn't saying redshift was due to actual motion through space, but that because redshift can be correlated to recession, by the point it appears to recede at the speed of light, it would create an effective horizon line. Maybe I'm connecting the dots wrong on that, as it's been quite a few years since I read it, but isn't the presumed edge of the universe, 13.7 billion lightyears out supposed to be receding at close to the speed of light? Since I think redshift is an optical effect, much as gravity bends the path of light, not actually moving the source around, redshift makes galaxies appear to recede, but I am of the stable state school and think it's an optical effect.
As you point out, the theory is that space is expanding, but wouldn't that mean time would have to dilate as well? Here is an interesting article on the subject: http://www.physorg.com/news190027752.htmlhttp://www.physorg.com/news190027752.html]http://www.physorg.com/news190027752.html[/link]
My problem with the idea is that if space actually expands, wouldn't lightspeed increase proportionally, otherwise a stable speed of light would imply a stable measure of space. If two galaxies go from x lightyears apart, to 2x lightyears apart, the space, as defined by lightspeed, isn't expanding, but just increasing. Much as the train moving away doesn't create space, it just puts space that was in front of it, behind it.
We have quite a lot of patches on this expanding universe theory, from inflation to dark energy, for me to accept it unconditionally. That's why I keep looking for other explanations for observed phenomena.
As for a balance between redshifts and blue shifts, if redshift is a function of the expansion of light across increasing volumes of space, there would be no corresponding blueshift effect, because the opposite effect is the gravitational collapse of mass. Radiation is expansion. Mass is contraction. Light passing through gravity fields might be bent, but as light its character is expansion.
If space is flat in total, with gravitational collapse matched by expansion, then it would seem there is an overall balance between expansion of light and collapse of mass. The mass falling into galaxies eventually burns up and is radiated back out. The radiation, that not absorbed by other mass, travels until it completely fades to black body radiation and this explains the CMBR and why it appears to come from the edge of the universe. The reason this is stable at 3.7k might be because there is a phase transition and above this temperature, it starts to condense out as subatomic particles. Thus starting the cycle over again.
Possibly a primitive model, but it doesn't need inflation or dark energy to make it work, nor does it have to squeeze all evolutionary processes of the universe into 13.7 billion years.
As it is, we really don't understand gravity and the nature of light has quite a few loose ends, so proposing to know the extremes of time and space seems far-fetched.