Preface: Someone correct me if I'm breaking any rules here, as I just made my account a couple hours ago. I posted this theory on a King T discussion thread, but I'm thinking that it was a little off topic since that discussion was about T as a character and this is a theory about the Diagram. So pardon my ignorance if this is a breach of etiquette!
Theory: The Diagram is Fake
I think the Diagram itself is part of the subterfuge. As others have pointed out, the original concept of "make a deal to protect my kingdom, then become king of everything" is so simple, that I believe Odium was meant to see through it. In order for the bluff to work though, you have to make it look like you're trying, hence the takeover of JKeved.
If T was so brilliant when he made the Diagram, then it stands to reason that he was smart enough to realize that Odium would be able to read/interpret it. That is the entire point. It is a classic misdirection, just on a grand scale. It's all meant to bait Odium into certain actions, presumably to put Him in a position to be vulnerable.
It also stands to reason that genius T knew that Odium would never negotiate on one of T's smart days. So why put in the "negotiate from a position of strength" line? It's part of the misdirection. If Odium is confident that T and the Diagram are not a threat, then He is much more likely to let his guard down.
T is playing the Severus Snape role. We are going to hate him for a long time and he is going to do some awful things. In the end though, it will be his actions that ultimately make Odium vulnerable to be defeated by someone else.
Basically, I just don't accept the narrative of "Odium saw through the Diagram, therefore it is moot and T is now a traitor." Genius T knew that would happen and planned for it