It's not blasphemy, it's your bike, do what you want. It's not a problem, and it's not my Paramount, so have at it.

The thing that makes me wonder, though, is what kind of bike person would go to a C&V forum and ask about converting a Paramount? That seems either stupid or intentionally antagonistic, sort of like going to PETA's forum and discussing the head shot on Bambi's mom.

I've built single speeds, fixed gears, and will probably do so again, but not if I'm lucky enough to get a Paramount frame that fits.
And if I did, I sure wouldn't be discussing it here.

In my opinion, you can build one out of a 1983 Shogun Cro-Mo 400 or a Paramount, and if you ride it blindfolded, you'd never know difference.