That sounds incredibly predictable, boring, average, "paint by the numbers" and just about every other synonym for generic you can think of.
You have your HOTTEST commodity off your biggest show of the season. Instead a main event between 2 guys loved by normal people, booed by the IWC. Then you have Punk come back and lose at NOC (so he makes this grand come back and LOSES, so he loses after he's been off TV for a month? fuckin great idea, why not just have him job to Vickie). Then he wins it back at Hell in a Cell (because a guy who's fighting the system really fuckin works when he has the title). O but then ADR wins it. So you have a guy people don't really care about anymore (because he was off TV for a long time, then jobbed, then won, then lost) against a guy you are trying to build in ADR.
See, instead the WWE promoted Punk as a big deal. Cena promoted Punk as a big deal. HHH promoted Punk as a big deal. Punk main evented MITB vs the top star, SS vs the top star, NOC against a legend and the 2nd most over face (arguably, some nights it's HHH #1 for sure), AND HIAC. What they did got Punk WAAAAAY more over than taking him off tv would have. Summerslam is a more visible show than any other show except Mania. If Punk is off that show, because everyone knows it's "fake" and that his contract was never likely in jeopardy through the whole story, it shows people he's not that important. However, he IS that important and so the WWE put him on the big show and made him seem like a big deal.
Then we wouldn't have this continuing "whodunnit", and that's the "good" thing?
Here are the facts. Punk is really fuckin over. HHH is really fuckin over. Laurinitis is a new face (as a TV personality) and is really over. Miz and Truth are both really over.
Your idea really gets no one over and just gives Punk another generic normal title reign.