Using the 5V as a fading ground is a perfect Idea..... I dont see anything wrong with doing it. And as you said it will prevent you from being too much into the dead-zone where the CC is off because not enough voltage on it.
other than that, I really dont play with CC's too much so I cant comment on their range, or how they like to be faded. you cant PWM them cause they dont react as fast as LED's though.
and YEAH, do everything on a breadboard or that prefab board with small holes in it. It'll make it soo much easier, especially since everyone makes mistakes, and that way they are easier to find/fix.