Illustrator :: Block Text To Path -> Text Flow Along Resulting Path

I'm trying to create an effect of small text following the outline of very large bold block text (see picture).  The idea I had was to first create the 'ME' in very large font as text.  Then convert that text to an object / path using "Object -> Flatten Transparency... -> "Convert all text to outline"".  Then, select that path and use the "Type along path" tool. 

However, when I use that process, the resulting path is a compound path that therefore the Type Along Path tool doesn't work.  Any pointers on how to achieve this?  The image below I just used the pencil to trace the letters (quick and dirty) but the result is choppy, etc.