I think there is definitely a place for a strict word-for-word translation, just as there is a place for more liberal and interpretive translations.
A word-for-word translation would end up less readable and missing some nuance, but it would be great for search and other NLP tasks.
I’d love to see my translations used as the basis for a specialized text like this. The more people work over it, the more issues are turned up and can be corrected.