Eddie getting the title for a few weeks isn't the worst idea but it derails him hard. He gets buried by just not being on the level of everyone else yet. It'd be at best like putting the title on Tito in 1989. He'd have to turn earlier to get some of the stink off. Eddie on paper is a perfect ally for the Mega Powers, too. Dude was a squeaky clean workhorse who could make a perfect face in peril for a hot tag, not to mention give Arn or Pillman stuff to do while the others go for the Mega Powers.
Eddie gets the belt, he has it for a month tops. During that window we wedge in a Mega Powers six-man, a Giant match, a Savage match, and a workrate match against Benoit or Pillman or something. He'd be booked like a chump but the matches would be really fun.
Also, if you don't think we get a super offensive Eddie cameo in Billionare Ted during that time, you're crazy.