There are a number of problems with this approach:
1) It is harder to splice in a piece at GEO than it is to stick one on anywhere on the ribbon.
2) It takes more time, because a lot of material is lifted higher than it needs to be, only to be let down again later.
3) It takes more material, unless you somehow recycle the pieces you take off at the bottom.
4) why exactly is it better, anyway?
That is not too hard, there are specialist belt splicing machines. We would need to make one able to operate in space. The separation in the ribbons never leaves the machine, so we do not even have to cut the ribbon just clamp the gap. The splicing hooks and holes/eyes would be built into the mats on Earth. The actual insertion will take less than 1 minute plus the run out time for the mat.
On time - everything in the new proposal is lifted to GEO and only to GEO (plus the length of a mat/segment).
On sticking a fibre to the side of the cable proposal the average fibre starts half way between Earth and GEO, goes through GEO and finishes half way to the counter weight. Since it goes further this is likely to take longer, even more time if the climbers have to slow down to glue. Conclusion mat insertion is probably faster.
Unfortunately true, more material will be needed. We may not wish to recycle the material. The material being cut out is the part that has been exposed to atomic oxygen, the atmosphere and the motorised pulley. A simple way of removing the damaged material could be a benefit.
Reasons it is better –
The mat insertion machine stays at GEO so the climbers do not have to include a complex gluing and roll out machine. Consequently each climber is simpler and can lift more CNT.
The setting of the resin takes place on Earth, so there is no need to invent a glue that sets in a vacuum at both low and high temperatures.
On Earth should the glue/resin clog the pipe there is a person around to unclog it.
The ribbon to the counter weight gets bigger.
Ribbon damaged by the atmosphere is removed.
The mats can be quality inspected before being lifted.
When a wider mat arrives at the sea anchor heavier climbers can be used. Depending on the pulling power of the longer weight cable and the breaking strain of the main ribbon it may occur earlier than that.