Fun project to make and watch. Safely done, it would definitely add a degree of drama to the launch, which is always cool.
Even though it's less efficient than a normal rocket launch (and that's probably not the point of the whole thing anyway, I know). The only physics reason to do this would be if you could somehow dodge the rocket equation while it's on the ground.
Ways to dodge the rocket equation:
- A magnetic rail gun driver
- A power tension catapult like on an aircraft carrier
- A bungee, like they use for launching gliders
- A traction motor against the track (a geared track would be very efficient)
- Using a pressure piston (like people already to for competitions)
But if you use a rocket motor for the horizontal part then you're not gaining anything, even if there's a downhill section. Whatever energy you use on the track would be better spend going up—including just considering a longer launch rail/rod for stability.
But again—not that physics is the point.
Fun? Yes! That's the soul of model rocketry.