I didnt understand your question properly. You can definitely run allocations. Can you please explain the your design in a bit detail and what exactly you want to do.
1. A retraction Process Chain is delivered in BPC NW 7.5 and there is an example on how to use it. So, the answer is "yes", you can retract data back to ECC, run allocations there and than extract results again to BPC via BW..
2. I'd say, preferable way is running allocations in BPC; there is a RUNALLOCATION statement for that in BPC.
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