I dont know why it wouldnt work. I threw a black beetle spin last Saturday night while we were chasing jugs on Ouachita with limited success. I think if I had fished my condos or other areas that I am familiar with I would have done better. In fact we are planning to do the same thing and targeting crappie the next full moon.
One thing you need to pick up if you are using marker bouys at night is chem lights. I bought a 15 pack of 8 inch glow bracelets for a buck at the Dollar Tree in Bryant. We just attach them to a bouy or jug with a rubber band and snap em to get em activated. There is not a place on Nimrod you could put them and not see em from across the lake.
Keep us posted on your success. You may have found a new form of nightsalking.