Instead of Tying Thread...could you use BCY 62 or Poly?
I don't see any reason you couldn't try... The great thing about "becoming independent" -- as bloodcreek stated -- is you can just tear it down and rebuild it if it doesn't work out the way you want.
Question for you though...why the nocksets? I understand the loop...I use one but, don't understand the nocksets. To avoid nock pinch?
midwest, you can definitely locate your nocksets so that you do avoid nock pinch... Just as importantly to me is the ability to use them as "placeholders" so that my release hooks up onto the loop exactly behind my arrow nock. Combine the two benefits, and I won't tie on a loop without them anymore.