rcrowe-
Except for the gussets, your description sounds like one which could be evaluated per VIII-1 UG-39. In fact, except for the nozzle cutout, your description sounds just like Section A-A in Figure UG-39. Depending on your pressure, temperature, and diameters, it may make sense. I don't have much experience with flat heads, but I'd be leery of the dead spot in the inside corner from a corrosion perspective. If you have a benign service, I don't see a reason to not go with that design. Adding gussets might reduce the thickness of the flat head, but you'd be into the world of FEA to get a decent analysis. If the vessel is running hot, I'd stay away from gussets simply from a thermal stress perspective.
jt