Final answer:
The potential new antibiotic most likely inhibits peptide bond formation.
Step-by-step explanation:
The most likely mechanism of action of this potential new antibiotic based on the observation that it only allows the production of the peptide Met-Phe when added to a synthetic polynucleotide is that it inhibits peptide bond formation. The presence of the antibiotic prevents the formation of additional peptide bonds, resulting in the synthesis of only the first two amino acids of the peptide chain.