Connie, though your heart is very pure here, you ultimately play right into the hands of the "correctors". Which list of words is to be the standard? Who makes the decision as to which words are too "foreign" to be understood by the common reader.
Far simpler is a glossary of terms, either printed and promoted (see Cloud or Waite) or even a forum thread such as this where the listing can be created and maintained (and as expected vigorously debated
).
It is currently difficult enough to find some company willing to print the PCE in an inexpensive format, as well as high quality printings such as are available from the big printers. EVEN IF you could bring together your "dream team" of spiritually prepared scholars (yeah, right! "dream" is the perfect adjective), no company big enough would publish it in quantities sufficient to make any reasonable effect. After all, it would be in direct competition to their own money makers!
A serious and compassionate suggestion:
Start your list.
Post the words here.
Do the research on meaning (not all that hard to do).
See how the brethren (and sistren) respond.
Trow has already been taken care of, so that's a good start.