If it was that simple, I would have done it ages ago!
Oh wait a minute ...
Cheap Chinese 44pin Dual CF card adapter - Check!
128mb CF card for Workbench 3.1 formatted as 'type 7' and bootable - Check!
4GB CF card for WHDLoad images and sundries formatted as 'type 7' - Check!
Atomic batteries to power ... turbines to speed ... DA DA DA DA DA DA DA DA BATMAN! :-D
w00t! Workbench in less than 2 seconds ... now THATS impressive hehehe
P.S. No patch required ... Used original 3.1 HD Install disc.