Jamie,
Thanks for the offer. The email address in this post (and all my posts) is valid and I'd like to see your circuit. (I have several patents for encoder circuits, so I'm not a newbie in the field.) If one of the inputs to your counter circuit is held steady and the other excited with a steady square wave, what will the counter do? The combination of inputs I described is possible in service in the presence of vibration.
If it is of interest to anyone, I'll work up and post a description of a vibration-proof counter. any algorithm that counts down and up at the same phase transition works.
Jerry