My ad hoc experience here is that for OSes less than 4.5 the max cod size is 64k before it starts to give errors; for 4.5 I think they upped it to 128k, as the "Docs to Go" OTA installer has a single cod that is 108k in size (specifically SlideshowToGo-5.cod).
I frequently perform your process above to convert desktop-only installers into OTA installable apps... (not like it's rocket science

).