Custom Model Binder inheriting from DefaultModelBinder

I'm attempting to build a custom model binder for MVC 4 that will inherit from DefaultModelBinder. I'd like it to intercept any interfaces at any binding level and attempt to load the desired type from a hidden field called AssemblyQualifiedName.

Here's what I have so far (simplified):

public class MyWebApplication : System.Web.HttpApplication
{
    protected void Application_Start()
    {
        ModelBinders.Binders.DefaultBinder = new InterfaceModelBinder();
    }
}

public class InterfaceModelBinder : DefaultModelBinder
{
    public override object BindModel(ControllerContext controllerContext, 
        ModelBindingContext bindingContext)
    {
        if (bindingContext.ModelType.IsInterface 
            && controllerContext.RequestContext.HttpContext.Request.Form.AllKeys.Contains("AssemblyQualifiedName"))
        {
            ModelBindingContext context = new ModelBindingContext(bindingContext);

            var item = Activator.CreateInstance(
                Type.GetType(controllerContext.RequestContext.HttpContext.Request.Form["AssemblyQualifiedName"]));

            Func<object> modelAccessor = () => item;
            context.ModelMetadata = new ModelMetadata(new DataAnnotationsModelMetadataProvider(),
                bindingContext.ModelMetadata.ContainerType, modelAccessor, item.GetType(), bindingContext.ModelName);

            return base.BindModel(controllerContext, context);
        }

        return base.BindModel(controllerContext, bindingContext);
    }
}

Example Create.cshtml file (simplified):

@model Models.ScheduledJob

@* Begin Form *@
@Html.Hidden("AssemblyQualifiedName", Model.Job.GetType().AssemblyQualifiedName)

@Html.Partial("_JobParameters")
@* End Form *@

The above partial _JobParameters.cshtml looks at the Model.Job's properties and builds the edit controls, similar to @Html