The biggest issue will be how it slide over the swivel on your back bone to cover the water column, you will also need allot of rubber bands as a fish will pull the trace down and break them.

If your mainline is attached to your sinker, will it take the shock of the cast

If you trace is to light, and it is on the main line, with slidebaiting you get trace wrap, if this occurs you can expect to bust off on a solid fish as the two line will damage each other.

Realistically, unless fishing a harbor with high current, you bait will not move to far at all. Just a few things to think about.