Yes, sir!
Actually, I was only thinking of my beat-up Ergo (upon which I've tried several other mods on before) which "only" has 5600s. I'd never dream of doing in my Elite!
BTW, have you got a *white* Gamma Ray? I know you have those blue ones, but I the white versions sold here seem to have awfully bright LEDs. They *look* like nichias and they're made in Japan(just the LEDs). They're overdriven in the Gammas, yes, but positively trounce any Arc-AAA you care to throw at it. The white Gamma is sold for about $US 5.50 in Singapore. Before you mentioned the 7000s, I really wanted to buy a handful of these things and transplant the LEDs into my Ergo.