Seems like a decent solution.... out of the way. Where do you plan to put the restrictions? You're gonna have full pressure so I would think restrictors smaller than those used in an LA blcok would be needed.
If you look at the rocker shafts you will see the 2nd and 4th rocker shaft bolt holes are larger on the lower side of the shaft to accomodate the oil flow up from the stand. So you may need to enlarge that back hole.