Thanks for the great post. But this seems a lot more complicated than how I have mine ocd. I used the old initd zip and extra gov zip to flash in recovery. Then u can use either the tweakerz apk or rom toolbox to oc. I use rom toolbox to oc on boot. Wham bam thank you ma'am. I can post the zips I use if anyone is interested.
Eclipse already has init.d support baked in and Nitro has most of the govs loaded too. To add 3 files and change a few permissions / ownership seems pretty easy to me.
Your way works too though. Just need a few apps to get it done.