This isn't a complete solution, but perhaps roughly the first half of one. This should effectively limit all fds opened by inetd, even those we hook up to child stdin/out/err, and enters capability mode for some of the builtin handlers.
I think the other half of the solution is to devise a syntax for inetd.conf to indicate that we should go ahead and enter capability mode for non-builtins.
Did Scott write this man page? Or is this from Microsemi?