I don't have any experience with HGT, but I have a few thoughts.
1. You are probably aware that TTTF and bermuda are your safe choices; and you are OK with the possibility of having a negative outcome (Hey, it isn't like TTTF is risk-free either).
2. If you want bluegrass, I'm curious about why you are leaning towards HGT rather than traditional bluegrass options.
3. I'm growing small plots of bluegrass in middle Tenn. right now, and it is doing very well. Of course it is early summer. Your location may be better than mine for bluegrass. Several years ago, I believe that I remember the one-and-only Matt Martin (The GrassFactor) killing a bluegrass yard in Knoxville to transition it to bermuda. I almost threw up, but, for me, it was an indication that bluegrass could work in Knoxville.
4. I recently learned of a forum member growing bluegrass in the Texas Panhandle.
5. Irrigation practices and a fungicide program will be two key ingredients. The more expertise that you have here, the better your chances, at least in theory.
6. Personally, for 21,000 sq ft, I would not try to maintain bluegrass, HGT or otherwise, without an irrigation system. I don't have an irrigation system, and I struggle to keep my fescue watered during those long stretches with no rain.
7. It sounds to me like you have two major challenges before you. The HGT is one of them. Arguably, getting rid of that bermuda will be the harder thing to do.
8. You may find
this thread interesting. Virginia is not Tennessee, but the thread is relevant to what you are looking for.