A few thoughts:Cool idea! Are the bolts 3/8" or are they only 1/4"? I'll have to check some tomorrow.
Jamming two nuts together gives you an easy way to grip and turn the rod, by the way.
IIRC, most minnies cannot accomodate a 3/8 rod without drilling out the hole. Though listed securing/support is not required, drilling out the hole will invalidate the hanger's load rating.
Using the rod in lieu of the furnished securing bolt and jam nut will invalidate the clamps load rating.
If you have to get up to the bar joists to attach your hanger system, you may as well dispense with the hanger system and run the conduit up there. You will save time for certain, and material will be a cost tradeoff between hanging system and guessing per OP 10-15' longer run (i.e. extra conduit, fittings, securing means, and wire).
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