I would think this should work as planned. I have done some things with Grandstream FXO, connecting paging and going back many years where I had a customer with 200 based systems. They had point to point T1 circuits, not sure if they ported their fax numbers from local pots or why I had to get them back working. They did rely upon fax and I did have to change their connections to Grandstream FXO to FXS devices to allow T.38 to work. Seem to remember the data between might have stayed but the TDM connectivity was gone and this was the root cause. Did get them back using analog ports on the main into fxo forwarded to fxs all riding their data connection.
Not sure if your primary outbound can allow the CID for this site, or you have an alternate perhaps vanity doing the same to allow phase out down the road.
Just my humble opinion.