I don't know if it will work. Braids hold better than two-strand twists, yet even braids on wet n wavy extensions unravel.
I'm wearing water wave braids at the moment (similar to wet n wavy; just different name) and if I remember and can find a moment to try this, I will attempt to do a kinky twist and wet it and show you what that looks like. I think one way to get an idea of what results one would get is ask folks with hair that gets wavy when wet (Type 2?) and see if their two strand twists hold better when wet.
Normal 4B twists hold well for me after being made wet because of the size of the coil created by wetting the twist is just the right size to "lock" the style. If my coils were looser, I don't think I'd have the long-lasting results I normally get. If this isn't making sense, let me know. Maybe I can add visuals after I try the wet n wavy experiment to explain what I mean.