There are many differences between the WT and AA and this faction idea. For one; WT had very poor roleplay, often tried to go against the orders of the BAF, and were general lolwuts with no organizations or goals besides 'We want pvp.'
Able Aces I've not had much interaction with, but as far as I can tell, they aren't a civilian militia, and don't have this kind of roleplay or organization.
This idea has my approval, though don't be surprised if/when MI5 gives you a hard time..