Based on your other post, you're on municipal mains, right?
Where is the meter box? If the AHJ doesn't care, the next question, do you need freeze protection if you enter above ground? Assuming the band joist is above grade.
You should consider whether/how any future work impacts landscaping etc.

Code requires the line to enter the structure a minimum of 1' below grade. in regions subject to frost, the line is required to enter 6" below the average frost depth.

Yes, I have municipal water.
No frost here in coastal california.
Entering 1" below grade would be problematic. Would have to either perforate 12" of foundation wall or dig under the foundation. IÂd rather not do anything that would disturb the foundation or soil underneath. I already have some problem with some moisture seeping under foundation wall where the soil was disturbed to channel the main sewer line. Most houses in my neighborhood have exposed bare service lines entering above grade, even newer copper installations are routed that way. My existing line enters above grade and never froze. I do though have mine wrapped in foam just in case. I was planning to do the same with the new line.
My main unknown is whather 2Â proximity to main entry door could be a problem, though I cannot personally think of any.