Some like Super Flow used a Square Edged orifice plate so that the bench could read in both directions. The calculations on the spreadsheet on the forum assumes a sharp edged orifice around .62 but you could recalibrate and determine the flows with a square orifice plate by testing.
The plates from Bruce could be flipped for intake vs exhaust like Bruce does in his flow bench plans. Several solutions including the one you proposed. I personally am not a big fan of the "pipe" methods as you need many diameters of length to make it work properly.
Tom V.