Blast & BC, I appreciate your opinions as well but am still suspect of the outcome of this project. BC with internal & external thread coming at each other, the thread crowns still point at each other and in this case not very far apart. After cutting both threads in the collar, really what you are left with in the end is similar to a thin winding of steel wire with a thin 2.5 mm web joint between each strand holding back 50,000 lbs.. The thread cutting action/tool pressure from both sides will for sure already start the separation process at this weak spot. It doesn't have to "shear" as Blast suggests, just come unwound at the web. And remember, pressure damage is cumulative, if it holds for the first ten or eleven rnds, will it hold for the twelfth.
It probably would hold at the 18-20,000 lb pressures that are expected in the shotgun or old Express black powder cartridges that Ago talks about but if Recc plans on shooting something with 40, 50 or even higher pressures I would be worried.