You can use a top mounted bearing pattern bit for routing dados. However your bigger problem will be that the plywood that you think is 3/4" is really 23/32" not exactly 3/4". So, if you use your 3/4" bit, the dado will be slightly large. They make undersized bits for so called 3/4" ply.
Also, if you have the straight edge, you might as well use the circular saw for the cuts with the straight edge. You're making more work for yourself otherwise.
Now if you made a fullsize pattern and zipped around that, that would work well. I usually never make a pattern for just a one off project. If I am making multiples then that's another thing all together.