Found the article. It's a Professional Note from August 1980.
https://www.usni.org/magazines/proceedings/1980/august/professional-notes
The retrofit proposal calls for the removal of the helos and their support equipment, and the installation of 4x4 Harpoon launches and 1x8 "lightweight vertical launchers" for Tomahawk, not ABL. One other feature is the use of the hangar space to stow two full reloads for the Harpoons.
The use of an unarmored launcher for Tomahawk isn't unprecedented. A few other designs from the era, like Strike Cruiser and the early Ticonderoga Tomahawk refit, showed angled launchers very much like Harpoon but larger. ABL seems to have been a later development. I suspect it was developed because most early Tomahawk deployments involved at least some TLAM-N, and the prospect of stowing nukes out in the open with only a canister wall for protection was scary. The FFG missile carrier would have been designed for only TASM so the safety requirements might have been less demanding.
The article regards this retrofit as an interim measure, proposing that future FFG-7s should be built with a modest stretch to house 20 Tomahawk VLS cells amidships and retaining the helo hangar.
In the end, it was another proposal from this article that was actually adopted, converting DD-963s as cruise missile carriers, with up to 61 Tomahawks in the VLS that replaced the ASROC launcher and magazine.
Funnily enough, the article was written by a Lockheed engineer working on Outlaw Shark. Its real purpose was clearly to promote the need for a widely deployed Tomahawk targeting network (like Outlaw Shark). And to justify that kind of network, you need lots of Tomahawk shooters.