The only problem is the stripes on the front convey Adidas (at least to me). I guess anything three stripes just screams Adidas and I don't think Nike would make anything with three stripes. Maybe try adding one more on each side? It looks to me like Jack Trice had more than three on his shirt anyway.
I do think this is a great idea and something that we should definitely do (even posted my own mockups earlier), but I'm not sure how unique the angled front stripes are to ISU (could've been pretty common in that era). Here's an infographic showing tOhio St had something similar in the 20s - at around the same as JT.
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I like staying true to the originals. If Nike won't make them f'um. We could go with Adidas.