Sadly I think there are people out there like this
Yes, and Your Grace’s (my) pronoun is “Your Grace,” also always inflected and conjugated in whichever way is convenient to Your Grace.
You mean to suggest that the first person and third person of your pronouns are conjugated exactly the same. So the sentence “Drag’s pronoun is Drag” exists as the first, second, AND third person version of the statement. At that point, what is the point of having distinctions in perspective? It almost seems like your system of pronouns changes the grammar of the language into a different version of the language… hmm…
Drag will respect Your Grace’s pronouns, but please don’t capitalise drag’s pronoun. Drag’s pronoun uses normal capitalisation, though drag respects Your Grace’s preference for capitalised pronouns.