Can You Draw Dynamic Textfield w/embedded Font to BitmapData "Offscreen"?

I need to set up a BitmapData/Bitmap that will have a number of dynamic textfields (fed by XML) drawn into it, but the drawing needs to occur while the textfields are off the display list, then I will add the Bitmap to the display list.

This seems to work fine, but I haven’t gotten the embedded font to display correctly – perhaps this is simply some font issue, but will the above work, i.e. will the embedded font be displayed correctly if I draw into the BMD “offscreen”