Is it possible to also pull the needed tools out of the bank for the queued recipe (ie inking set, blacksmith hammer, etc)

If I add missing tools to the shopping list when the recipe is queued, then anywhere the shopping list is opened will attempt to retrieve them. This includes merchants, bank, guild bank, and the auction house.

Is this acceptable?

Skillet-Classic-1.54-alpha1 contains an option (Queue tools) and the code to do this.

Skillet-Classic-1.54-alpha2 contains a minor fix.

Yes... that would be acceptable...

Let me know if the alpha code works for you.