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Not at all a realistic model to strive for because a major factor to Finland's success in their educational system are their demographics. It's rather just an anomaly I'd say ...

According to the latest PISA rankings, we're doing slightly better than Finland but even we don't have such amenities like no homework, very short school hours or a lack of standardized testing ...

For most nations out there, they should not model their educational system after Finland but ideally something like Singapore or Hong Kong because most of the best post-secondary schools absolutely have compulsory standardized testing for post-secondary school program qualifications. Weak students do NOT have a place in higher educational institutions and should not deserve a seat either in that case. Scholars should be encouraged to be hardcore test takers since that is what matters most in universities ...