The only reason I've piped up is to maybe give you some ideas as you go and things to think about in case it fits with you goals.
Your plan will work, but there's potential for issues depending on your exact climate. The best I could do would be to look st maps and regional hvac chats, but that doesn't fill in all the blanks for a perfect job. If something does happen, it won't be anything that can't be fixed later though. So, keep on it and address **** as it comes up. I'd rather have to spray every peice of steel in the shop with fluid film than freeze my nuts off doing a January cam break-in again!
I've been down similar roads before and burned an absolute ***-ton of time and money trying to save things not worth saving a while destroying my back and shoulders. At some point you sit back and ask "why didn't I!?".. Or not, ymmv!