hi matthew,
what you propose is as neil suggests not a good design. you need instead a double ended female connector that restricts the spindle from being unwound and into which the spindle is screwed.
both my last 2 locos have all captive fittings as per the 'advised' section of the boiler regs. the regs are a bit silly as 'advised' for backhead fittings, but ive made the boiler blowdown valves all captive as well though on one loco the boiler blowdown is on the backhead and on the other on the sides of the boiler.
captive valves require a bit of extra work as the 'squre' for the fitting of the handles must of necessity be smaller so this involves a bit of fine work and close tolerances, and the concentricity of the parts is crucial to good and reliable operation.
however i have also seen idiots unscrew blower valves completely with dramatic results, so well worth the extra effort IMHO.
cheers,
julian