As they say in New York: Fagaddaboutit! At least, as you plan on doing it.
First off, lots of luck finding a terminal strip that will take both your feeder wires AND something as small as #14. Marathon might be a possibility.
Of greater concern is the AIC, or interrupting capacity, of the little fuses. It's simply amazing how running the power through the main breaker and adding a few feet of wire reduces your AIC requirements.
You don't do this sort of thing in the meter box, or even the switchgear. Rather, you go downstream and do it in a control panel. After all, you need some place to mount that little relay. Come to think of it, that's where you mount the terminal block as well.
With all the malarky about "70E" and such, you might consider using a 'finger-safe' fuse/fuseholder design. Personally, I like the Bussmann "CubeFuse Class J" variety - no chance of someone putting a type CC fuse in there!
Eric: What you have to check is the mfg specs (of the monitor) and determine the MAX OCP they specify.
You may find that the MAX OCP is somewhere in the 1 to 5 amp range. If that is the case, a midget fuse block (finger safe preferred) should be installed in the subpanel (space available) or in your monitor enclosure.
A circuit breaker 'lock-on' will be a great addition!