That looks pretty cool. If I were to do that I'd disable or remove the LEDs on the GEMMA though, they clash with the bracelet. :) Or maybe put a dark cloth over the GEMMA so the bare board isn't exposed, unless you want it to be.
I'd been waiting for Starbound for like a year and a half... before it even had a name! I absolutely love it. Even though I haven't really played Terraria in over a year, I keep wanting to open doors in Starbound by right-clicking them. :P