Scott, if 14 degrees is the design temp in your area, that is an approach that could work. The lowest interior surface temp I found is 54°F, which is high enough to avoid obvious interiorsurface condensation for 50% RH at 70°F indoor air. See attached snap. Indoor air that humid seems too high to me, unless this building will have amazing air sealing and humidification, assuming residential due to the construction detail. Even in a crowded airport, the mech system on a reject job was able to keep it under 50% RH in winter.
Some concerns: 1. Therm 7 only looks at temperature, not air or vapor. When 70°F 50% RH air (51° dewpoint) leaks into the cold building cavity, it is more likely to cause condensation there. The backside of your sheathing gets down to 18F for example, so 51° dewpoint air would definitely condense there. Air barrier is important, usually behind interior GWB. Assuming air barrier, this condensation is not a big deal if it can dry to interior or exterior, though. Look at this with WUFI to know more about wetting and drying. 2. It's more likely that you'll get lower temps and more-apparent condensation at window and door penetrations through this assembly. Got to look at those to know the worst-case conditions.
I like the Condensation Index approach used in the new NRFC 500-2023, where you take simulations at standard conditions (0°F outdoor for example), find the coldest spot automatically with the CI tool, then plot it on a chart. The chart has the range of interior temps and RH, so you can see how close you are to the edge.