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Much like the 187th, I believe this battalion could be successful initially. But being so specialized only appeals to a niche audience. For a majority, those that are interested in Engineering RP will be your only potential recruits. In addition to that, those that are already interested in Engineering are consistently loyal to their battalion. We already have a new battalion, and currently they are struggling.
We already have engineering on the server, anybody that is trained has the capability to do the RP. Not only is this available to everybody, but there is an entire branch within base ops that is focused towards engineering. Given the current state of base ops and its engineering regiment, what makes you think that an entire battalion will be any different?
People already have the ability to invest themselves in RP, whether it be in base ops or a lead position within a battalion, and frankly that is not where the majority of the player-base is. There's also the issue of the number of battalions. Due to the amount of different options for clones (not to mention Sith, Jedi, and Base Ops), there is simply not enough people nor server space to have every battalion thrive. It differentiates from day to day, on some occasions battalions can have 10+ members on daily, then the next week they could average 2-4.
In theory it could work, but I just don't believe that now is the time for another new battalion.
Good luck buckaroo!