If you are looking for length and a good backend reaction for light oil, then yes this would be a good choice. If you want a little less backend, i would put the pin under bridge, but doing this might not give you the recovery/length of pin above bridge.
How far is this pin placement from your pap? normally it is about 5 inches for a normal pap.
a 3 inch pin with 2.5 ounces of top should do the trick for you with the pin on/above bridge, make it a 2 inch pin if its below (so its easier to get legal). This is all depending on a normal span of course.
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stanski