That sounds pretty simple and should work great. FWIW, I don't have any problem sparking up cotton balls that I've soaked in melted vaseline and squeezed out all the excess. YMMV. The dry ones ARE easier to light until you get the hang of it and I have noticed some folks have a little more trouble with vaseline soaked ones in sub-freezing temps. Your wet 'n dry technique should work great for those cases.

Tom