Good luck elijaeger,
I've often wanted to try this sort of plan, just have a hard time not being able to really pig out once and awhile, that reward is just tooooooo enticing for me.
Anyway, you stand a much better chance on TKD of actually building new muscle mass. Lyle McDonald, who wrote or should I say "refined" the book on CKD says that 100gms of carbs centered around weight workouts is just enough to keep you OUT of ketosis and is the best "low carb" way to bulk (add muscle) without fat gain. Of course, not ideal for fat loss.

Anyway, just rambling, keep us posted on how your plan is working out, as it may be in my future and am keen on listening to others experiences.