It would work but are you planning on using the pedal on the hi-hat stand to reset the clutch? What might be better is the DW Incremental Clutch combined with an x-hat. Basically a lever that you rotate that drops the top cymbal in increments. You can even do it with the tip of your stick. It would be perfect for this. I usually do it while a 19" Ride I have with a 14" hi-hat cymbal on the bottom so I can go from a closed stack sound to a sizzle cymbal.
or this which is the clutch + a universal x-hat that you can use on any stand.