That is a great way to do it. I did something similar with my ET2 air bearing arm, although with this arm I kept the wire external the entire span. With this arm the wire needs to make a loop for free lateral movement of the arm. Up to that point, the wire is not sleeved. Then, right after the loop, each channel's pair of wires is braided and then each braided pair is inserted into a length of very small diameter Teflon tubing, like is used to insulate capacitor leads. Each Teflon tube is then covered with copper mesh. Each length of copper mesh has a "pigtail" of insulated wire with a spade soldered to it at the preamp end to attach to the preamp's grounding lug. The copper mesh is then covered with polyester mesh. It is very effective and looks good. I have the wire soldered directly to the preamps circuit board, thus eliminating several solder joints and jacks for significant gains in sonic purity.
Your plan should work very well. Pay particular attention to strain relief at the point that the wire exits the arm. Perhaps you can put a small amount of silicone adhesive in the hole you will drill in the plastic cap. Do braid each pair of wires for increased RFI rejection. Good luck.
Your plan should work very well. Pay particular attention to strain relief at the point that the wire exits the arm. Perhaps you can put a small amount of silicone adhesive in the hole you will drill in the plastic cap. Do braid each pair of wires for increased RFI rejection. Good luck.