Captured might be a good thing but as I was staring at my fence and scratching my head, my thought was that I may want to remove the push block quick, so was thinking no capture. Guess it could go either way.
I like your thought about the replaceable section too. Years ago I was into RC airplanes hot’n heavy. My favorite hobby shop sold thin aircraft quality multi ply plywood in thicknesses from 1/16 up to 3/8 inch. The stuff was very stiff and strong. Seems maybe some of that 1/8 or 1/4 ply from the hobby shop might work well for the sacrificial piece that would be close to the blade.