Floyd
I like your idea, but I think I would leave a narrow, say 20-25mm wide strip of steel across the middle for strength.
I had (I hope I've aged out of it) a tendency not to reef soon enough so sometimes had to use a lot of rudder to keep control, at this time there is a lot of load on the blade.
When applying any degree of rudder the flat blade soon stalls, but a shaped blade is much more efficient and keeps working. I used the internet to get the right shape.
Good luck
Philip