Hi,
a) Anyone has actually done this successfully,
A : Yes : I have done it and it does work, you should be able to achieve all the following you have mentioned.
b) anything I'm overlooking as I will not be able to "test" this beforehand.
A : Nothing as of such, except you should be able reach both environment from the machine where you have the converter installed thats 'all.
Thanks,
Avinash