Let's start with the energy-momentum equation:
$$E^2=p^2c^2+(m_0c^2)^2\tag{1}$$
This can be derived according to the Minkowski metric. This works because the inner product of the four-momentum, $\langle\mathbf{P},\mathbf{P}\rangle$, is equal to $|\mathbf{P}|^2=-(m_0c)^2$. We can also use $$\langle\mathbf{P},\mathbf{P}\rangle=P^\alpha\eta_{\alpha\beta}P^\beta=-\left(\frac{E}{c}\right)^2+p^2\tag{2}$$
where $\eta_{\alpha\beta}$ is the Minkowski metric. Setting these two expressions equal yields $(1)$. We can then use this to derive an expression for $\gamma$.
Now let's do things in reverse, with your requirements. First, let us rewrite your $\gamma$ as
$$\gamma=\frac{c^2+v^2}{c^2}$$
Putting this into the expression
$$E=\gamma m_0c^2$$
We find
$$\frac{E}{c^2+v^2}=m_0$$
We then have
$$E^2=p^2v^2+(m_0c^2)^2\tag{3}$$
Note that we have $p^2v^2$, instead of $p^2c^2$. We now have
$$-(m_0c^2)^2=-\left(\frac{E}{c}\right)^2+\frac{p^2v^2}{c^2}=\langle\mathbf{P},\mathbf{P}\rangle$$
This implies that you have a metric that is nothing like the Minkowski metric, and you have spacetime that is nothing like Minkowski spacetime. The final term now includes a dependence on $v$. Now you have a problem, because special relativity needs Minkowski spacetime to work. The postulates of special relativity, especially those concerning invariance, most likely will not hold.
The big problem with this - all of this - is that you haven't started from first principles. Instead of using some logic to make a derivation, you've done things the other way around, starting from a result you want and trying to work backwards. You're then left with results that might be described as disastrous.
This is an easy trap to fall into. You would think that changing one tiny thing about a universe wouldn't cause too many problems, but it can. Each equation, each law, each postulate that makes up our universe is finely woven together with every one to form a self-consistent framework that describes how things work. It's like making a jigsaw puzzle, where each piece is a different law of nature. You can change the shape of one piece, and change the shape of one of the neighboring pieces to compensate. But unless you modify all of the pieces that touch the modified piece, the puzzle won't be self-consistent.