This should work, but what you'll end up with is a PCB that can only access the internal programs and a single program from an external EEPROM.
I know, I know, that was the goal... but...
What I would recommend instead is just loading the seven internal programs onto an EEPROM along with an additional program of your choice into patch #5. Now you have access to all of the internal programs, and the ability to switch to another full set of eight just by swapping out the EEPROM.
Exact same BOM, but more flexibility.
All of the internal programs are available in SPN format on the SpinSemi website:
For audio processing, Spin Semiconductor designs and markets specialized mixed signal integrated circuits for the consumer music and audio industries
www.spinsemi.com