I'm not sure what else I can say about it. It appears to be workable, it ought'a work. Without getting my hands on it, and just trying it, anything I say would just be a guess.
I can give you a few general thingys about loops that you probably already have been expeosed to from your research.
The first deals with positioning, directivity (which that positioning affects) and polarization (loops can change polarization by where you feed them). Except in sort of rare instances, I've appreciated having an omnidirectional antenna more than a directional one. That's cuz I wanna hear everything, not just from two directions. Not everyone feels that way so it's a personal foible, sort of. I also seldom have the means of hanging a loop vertically to get that directionality, that probably has a lot to do with it too

.
Polarization can be changed by feed int that loop in different places. Easiest example of that is with a 'square' loop. In one corner, it's vertical, on a top/bottom side it's horizontal. Same thing happens with almost any shape of loop, but the 'where' can change to some weird places because of some kind'a weird shapes, you know? In one or two loops I've used, I just didn't worry about polarity. I'll blame that off on them being of really 'odd' shapes and I didn't know where the @#$$ to feed it to get any particular polarization, that sort of thing. They worked for what I wanted them to do, so I just didn't care.
I like horizontal loops. Mainly because I couldn't stand them up, no room for their size, and except for those rare instances, I wasn't too interested in them being directional. If you can pick their shape (within reason) they can still be directional.
I also cheat when I can. I don't use coax as a feed line unless I have to. That means that with the right sized tuner and a little 'fudging' here'n'there, I can make them work on higher frequencies pretty well, sort of. (It's dangerous enough getting through my back yard with the wild animals, quicksand, and stuff without having to worry about where to put a bunch of other antennas I probably don't have room for anyway. Which doesn't say anything about threats from the neighbors,etc.)
And all of this stuff is variable. Meaning the results vary for each particular circumstance.
- 'Doc
Best thing I've learned when dealing with antennas is how to cuss. You'd be amazed at the times that's come in handy. Not just with antennas! I do have a bad reputation to maintain, and it ain't as easy as you thing, I'll have you know.