Sounds like a good idea BUT you might have problems locking the Magic Arm in place. I have one of the models and it is very difficult to turn the knob that locks the arm in place. It might just be my particular unit, others can chime in with their results. As a result, I rarely use mine.
Manfrotto makes a dual rod articulated arm (396B-3) as well as a single rod model. The dual rod model might be sturdy enough but I don't have a camera heavy enough to test, m4/3 user. The dual rod model should be easy enough to lock into position.
Check B&H, search 'articulated arm".
Larry