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Depends a bit how much play there is in the joint next to the BB and how tight you fasten that up. If it pivots while riding it could create stress on the upper part. I think it would be ok, maybe not if you do 200k of loaded washboard gravel every day. :)
Looks rad nevertheless!
As you said, if it breaks fix it and move on to V2.
As an alternative, could you make the seatstays end in a single tube which gets clamped between two plates, one on either side of the seattube/toptube cluster? It wouldn't look as elegant, I'd admit.