So, I was wondering if i convert a simple oblivion mod(just like highmap edits) to skyrim, and then use tesvEdit to set Oblivion_sk esm as a master will it work? Because I was thinking that I could convert this mod for personal use:
http://oblivion.nexusmods.com/mods/27235#

I'm sure any mod would work.
I'm sure any mod would work. Just try sending it through the converter and see if you are able to get it to load ingame.