The technology of the intervolmeter is not a problem at all. The intervolmeter for the 435 has a capping shutter, or actually a tongue that reaches into the gate when not exposing. My problem with this has just been the exposure.
If you don't ride the iris, then my problem is it getting too dark at night, since I am exposing throughout the night. My exposure is going to be a T-64 in the day and T-0.5, so 13stops. So, although I don't want to make it look unatural, because the nightime is exposed too bright, I think that I will have to adjust slowly and seemlessly with the sun going down and up. Especially because most of the sunrise and sunset shots are going to be looking at the sun at some point.
I did some investigating and with the 435 intervolmeter, you can attach a Pentax light meter that has to have been modified by Norris. That can then plug into the Arri intervolmeter for the 435 and control it. But then again, you'd be riding the iris too much and making look strange.
My feeling is to attach a follow focus to the iris with markings for 1/32 of stops and then at dusk and dawn adjust by 1/32 of stops on every exposure.