
You do need to have an indepth knowledge of as many of the dogs in both pedigrees, especially the 'common' ones, as possible. Or at least have the ability to talk to more experienced fellow breeders. I would say having done it all the wrong way round, our first, male, hound was just a pet but we eventually felt we'd like to have something better to show so bought another male puppy. After that it developed into wanting something we'd bred ourselves to show rather than show what others had bred. We went for a half sister of our second hound, same sire but completely different dams intending to mate her eventually, to him.
However by the time our bitch was old enough to think about breeding, and having taken her Championship title (by that time out in Canada), we'd learnt a thing or two and decided our second male wasn't the right dog for her and went elsewhere albeit to an American dog who had a line back to a British-bred bitch who'd been exported to the States.
This might happen with your plans!!
I since mainly had to breed out (using our UK stock out in Canada which meant factoring in the slightly different type out there) although at one point, feeling the need to see where our breeding ideas had gone, I did two matings, one aunt to younger nephew and then uncle to younger niece. Nephew and niece being littermates. At that time knowing a lot more about all the various lines, than I did early days. Nothing sinister appeared but I went out again after those matings.