MP,
Actually, the process you described has been around a long time.
Although, the concept of photo sensitive copper clad boards will make the job much easier.
I remember having to use a resist/developer in a darkroom!
The method you described will allow much less overall error since it does not require a precise temperature for fusing (PnP) etc...
I have been using PnP and the overall method is a little loose since a variety of variables can make the outcome frustrating.
However, i am trying to sharpen my skill with the procedure.
Perhaps, if i start to become too frustrated i will resort to the method you outlined.
Furthermore, i believe your view has a lot less margin of error on both the material and user intervention.
Thank you,
Omni