This move could be a hit or miss. It's something I have been working on recently as I was shut down on my Peruvian Necktie with an odd counter. It caused me to think as it wasn't the 'expected' counter for this submission.
Now, I was able to pull this off on Thomas, as he has long arms and is fairly relaxed in his rolling. But...another guy did the same counter to me with a stiff arm. This made it impossible to move this way. It's definitely a situational with some 'IF's' involved, but play with it if you want and see if it works for you.
You know what they say about 'if's'... "If, if's and but's were candy and nuts, my what a fine Xmas we'd have."