OSMF, HLS, AMS and the OSMF CC Decoder

Can someone verify if this workflow is valid?

1. Use Adobe Media Server to encode my live stream with closed captions in HLS format

2. Build my Flash video player using OSMF and use one of the third party OSMF HLS plugins for playback.

3. Use the OSMF CC Decoder swc that comes with AMS to render the HLS closed captions.

I have researched this as far as I can without setting up an actual test case that implements the workflow. I have used the OSMF CC Decoder swc to successfully render live captions in HDS streams and it works beautifully, but I am curious if it is limited to only rendering captions for HDS streams.

If this does not work, are there third party OSMF plugins that support HLS and also render live closed captions?

thanks.