Do you think Gloss would work for Lucie?

[Amber]

I really want to knit Lucie from the Fall Knitty, but the yarn they've used is way too $$$$ for me!

So, I was thinking about subing Knit Picks Gloss. It's the right weight and also a merino/silk blend. Of course, it's not a variegated yarn, but I think I might like the sweater better in a solid color anyway. And, I could knit the whole sweater for less than $30!

So, what do you guys think? Would that be a reasonable sub, or should I keep looking?