I say Go For it Matt!!!
that is what this forum and Mach3 is about, makeing CNC available to the Hobbiest level guy!! Follow your dream man, dont let anyone discourage you. If you fail, pull your self up, write down the lesson. Find out Why you failed and Try again. Nothing succeeds like success.
I personally am glad to see guys like you out there!! Some guys can afford a several thousand bucks for some nice Plazma stuff, most Hobbiest cannot....... so they improvize and come up with unique solutions. To me it is what sets all the people on this forum apart from button pushers. How many guys in your neighboorhood can BUILD a working CNC machine in thier basement or even know what CNC means.......
You are a inventor, and DIY kinda guy, and like the rest of us on this site and others, we have the desire to KNOW how it works and get grate satisfaction from Building it ourselves.
Who Cares if what you are trying to do NEVER works, you will never know unless you try, and you will pick up valuable learning along the way that will serve you in this or other projects.
Scott
Commercial Mach3: Screens, Wizards, Plugins, Brains,PLCs, Macros, ATC's, machine design/build, retrofit, EMC2, Prototyping. http://sites.google.com/site/volunteerfablab/