Which it evidently was in the end, maybe the Emperor thought the allure of the dark side would over-power any emotional links. Vader had many years of being Obi-Wan's padawan so was not molded exactly how the emporer may have wanted him, the Emporer could have taken Luke with his little training and used that to mold him how he wished, even using the destruction of his friends and eventually his own father to fuel his turn to the darkside.
No, I agree with Finti's basic point- the two of them out and out AGREEING to take on Luke seems absolutely ludicrous with the 'only two' rule. That they would actually want Luke for their own agendas fore the reasons you describe above is, of course, a given- but the two of them TALKING about it, knowing that one would have to bump off the other?
I used to think the rule of two had been dropped by the OT now the Jedi were gone, but GL's comments suggest otherwise so I leave this one rather fuzzy.
BTW, too much machine to be the Chosen One? WHy is that a problem?