Sounds like a large mass for a UTH to heat. It might work - I don't know. Can't see getting a "hot spot" with it more like a general warm area. Also, I wonder if that warmth would be trapped in the bottom with the saturated gravel, and not transmit up to the drier, loose substrate. As we are heading into summer, there is probably room for experimenting here, but I think most of your accessible will come from the CHE. You might consider an RHP instead: more efficient, lower profile, and less of a fire hazard.
Most sources would recommend you go deeper with the gravel, but as we are aiming for 100% humidity, that depth might be ok. Everything says you want to avoid soggy substrate at all costs - it is just hard to fix.
Don't know anything about Terra Firma's substrate, so can't say. My experience is with NE Herp's mix (a close ABG mimic) over pebbles. I'm not sure what size your gravel is - it will not provide good drainage if the grains are too small. I use pea-sized pebbles from Lowe's, and have also worked with explanded clay. The clay balls are very lightweight, and fairly large. Very effective. Drawbacks are the expense, and I find that shade of red to be an ugly colour if the layers are exposed behind the glass. There is an expanded glass product as well - can't remember the name, but that will be what I purchase when I cover my floor. The light weight is a big advantage.
You also NEED a screen or landscaping fabric or some sort of similar barrier between the gravel drainage layer and the substrate. It will get soggy otherwise. No one else does this, but for all my terrariums (I keep several small plant-only ones), I make a bag out of synthetic tulle net fabric, so that the gravel/hydroton bottom layer can just be lifted out when the terrarium is overhauled. Very easy to deal with, and the gravel layer remains clean and completely separate from the substrate.
(No time to proof-read...hope txt is ok. Will get back later with more.)