Hi Willie;
Well we call ourselves rocket scientists and experimenting is what we do!
So that said, if you have all the materials then give it a try.
I do think you have your terminology confused. You are talking like you want a batchbox but then you mention the burn tunnel. A burn tunnel is in a J tube rocket not a batchbox.
Quite a few of us have tried waterglass. It has proven to not hold up very long. One tap on it with a piece of
wood and it flakes off.
If it falls off, your hardy board will disintegrate from the heat very quickly.
Putting hardy board outside of your ceramic blanket is not necessary, it will not serve any purpose.