RHEV environment with Hypervisor(s) on non-routable subnet

We are considering implementing our RHEV environment using Hypervisors that are on a completely segregated network segment (for security, etc...)  This will actually be a physical separation (not just logical). 

Has anyone used a dual-homed RHEV Manager configuration?  (one public, one private)

I have attached a rudimentary image that I have envisioned as a fairly optimal configuration.  Note the directional arrows (LibreOffice Draw to the rescue!)

Thanks for your input!