I'll just say some obvious things. Don't take it wrong; I am not calling you stupid. There's just too much opportunity for bad things to happen to ignore it.
Yes you are right, you could use parts like that to make a bump steer kit. I don't like how much that particular stud sticks out the bottom of the spindle, though. It creates a long lever arm ideally designed to break the tie rod mount. This might happen in the middle of a high speed corner, killing several people.
Not to be overly dramatic, but please be careful if you are going to attempt something like this. The bump steer kits I've seen are much more compact and have substantial bracing on them, with two studs and an additional clamp over the steering arm on the spindle. They may be over built, but I find that comforting frankly.