That ultimately could work, but more than I really wanted to mess with. The nice thing about snake skins made by hennesy or made from noseeum is that they just slide and you don't have to worry about them shooting back. I think the stretchiness of the pantyhose works against them in this situation. Some people may like it, but they're not for me.
I actually ordered a custom made set from Kat at mountaingoatgear for my warbonnet superfly. Haven't got them yet, but I hear she does great work.