I know it is possible to put a 1/2 cock on the lock, but doing so requires me to work at a smaller scale than I'm really comfortable or, more importantly, confident of doing safely -- I'm no Bob Roller
! As an alternative, I believe I can make an automatic hammer-blocking safety, i.e. one that comes on when the lock is cocked and must be manually disengaged to fire the lock. To me, that seems at least as safe as a half-cock notch and possibly better, as it cannot become disengaged as easily if the hammer is caught/dislodged from half-cock.
I'm also tempted to copy Kerry's idea by mounting the nipple in the lockplate bolster (with a vent to open air) rather than in the barrel/breech. That will free me up in terms of vent liner options, if it works, as I won't be tied to 1/4-28 for compatibility with the nipple. With a vent, the pressures and forces on the lock should be close to identical to a flintlock but the cap should still be plenty hot and fast.
If it works as intended, I'll put up some pictures -- but it will be a while before I finish. Thanks again to everyone for their feedback.