traveller

[imabinder]

The traveller on my 32' steel sloop is currently in front of the companionway. I want to move it forward of my dodger. According to formula for vertical load this would create a vertical load of 1766lbs or so (20 knot V). If I were to attach my mainsheet to the cockpit sole beneath the end of boom then run it 7 feet along the boom and down to the traveller (then it runs forward to mast and then back to cockpit) does this change the E-X from 13-7 to 13 -1?
E=13
P=40
X=7
Pros and cons of this rig? ( My idea was actually to weld a 3-4 foot "pedestal" in front of the wheel for the attachment point so when sheeted out it would clear coamings and lifelines.)
Thanks, in advance, for any feedback.