Good plan Bill.
The very best seconds beating precision regulators have the driving weight suspended either to the left or right of the pendulum path. Some with the weight enclosed in a chute. Others have the weights split; one left and one to the right, most often double hung.
I think the only issue in the conversion is to assure that there's no upward thrust on the movement on account of the direction of pull from the weight(s).
There is a basis for having the driving weight out of the path of the pendulum. Many theorists assert that the mass of the weight would have a gravitational force on the bob when the weight would be in the path of the pendulum bob.
Gravity, the weakest natural force, is just one additional possible cause of a less-than-perfect rate. Re-routing the driving weight path away from the bob eliminates that possibility.
On the other hand, some excellent regulators had ornate weight pulleys....shame to hide them from view.
