This is a great idea.
If they can't go that route, I'd have the first judge be someone from Danielson's past (Brie Bella?), the second judge someone from Hangman's past (not sure who, but a "surprise" not currently in AEW), and a third judge who has nothing to do with either man.
That way, if it does go to a judge's decision, it will come down to that third judge and they can build something from there.