As long as proper clearance is attained and your field is sufficiently large, you shouldn't have a problem, and as you know, there are many events open to NAR members that already have clearance. As you said, there is nothing in the NAR code that prohibits it, although there are restrictions on unproven designs that you should read, and you may have trouble clearing the rocket with the RSO at your launch event.
You might want to check out
this page, which is the only one I've come across that covers active guidance.