Lost:
Read thru this from '11 NEC and see if your project qualifies:

(B) Grounded Systems.
(1) Supplied by a Feeder or Branch Circuit. An equipment
grounding conductor, as described in 250.118, shall
be run with the supply conductors and be connected to the
building or structure disconnecting means and to the grounding electrode(s). The equipment grounding conductor
shall be used for grounding or bonding of equipment,
structures, or frames required to be grounded or bonded.
The equipment grounding conductor shall be sized in accordance with 250.122. Any installed grounded conductor
shall not be connected to the equipment grounding conductor
or to the grounding electrode(s).
Exception: For installations made in compliance with previous editions of this Code that permitted such connection, the grounded conductor run with the supply to the building or structure shall be permitted to serve as the ground-fault return path if all of the following requirements continue to be met:
(1) An equipment grounding conductor is not run with the
supply to the building or structure.
(2) There are no continuous metallic paths bonded to the
grounding system in each building or structure involved.
(3) Ground-fault protection of equipment has not been installed on the supply side of the feeder(s).
If the grounded conductor is used for grounding in accordance with the provision of this exception, the size of the grounded conductor shall not be smaller than the larger of either of the following:
(1) That required by 220.61
(2) That required by 250.122
(2) Supplied by Separately Derived System.

FWIW, I would have no issue with what you described. As long as there is no parallel grounding path.


John