I think it should, yes. I didn't give it more than a quick check but 14.04 seemed to have the qt4 libs that are missing on 16.04. The download is specifically named for Ubuntu 14.04 and I'm pretty sure goatpig knows what he is doing there.

If you're worried, you could create a throwaway virtual machine to test the setup of 14.04 before you start fresh on your actual offline laptop. VirtualBox is free and relatively easy to use.

No problem

You'd need to grab the amd64 package for python-qt4 here: https://packages.ubuntu.com/xenial/python-qt4
Unfortunately there are a bunch of dependencies required, and going on the manifest for Ubuntu 16.04 a chunk of them aren't included by default.
You're new to linux, right? The package managers are great in most distros (Ubuntu included), but setting this all up on an offline machine is not for the faint of heart. Easy to get the packages you need if you're going online, but for a strict offline & airgapped machine that defeats the point (you haven't said, but I'm assuming?)

You could install Ubuntu 14.04 instead and it'd only require the offline Armory package you already have, but I don't know whether that would more or less convenient for you.

Okay, that does look like progress.
We've missed some steps from the instructions droark linked, though. Need to run each of these in order:

I'm not familiar enough with brew to know whether the extra commands above solely affect brew or whether the packages are also affected by them, but you may need to run both these commands next:

If that doesn't help, it may be back over to droark.

Hi, you'll want to add your logs to https://pastebin.com/ and then post the link here.
Hopefully a dev will be able to nail down why Armory is stalling for you.

That is certainly strange.

You could try this instead
This shouldn't prompt and is borrowed from: https://stackoverflow.com/a/25535532/4115019

Or a manual/alternate install from the brew homepage, but that is a bit more complicated.

Hi DigitalCrypto,
Not a mac user myself, but I'm pretty sure there should be more output after the "Press RETURN to continue or any other key to abort" line. If you are hitting return at that point, it should be installing brew...

Hi,

You will probably be asked for log files to help diagnose the issue, but in the meantime you could try a few things.
First of all what version of Armory are you running? Ideally you want to be using 0.96.2.

The bad news is that the database that Armory has built is severely out of date and only has data up to mid 2013. The good news is Bitcoin Core at least sounds like it is running just fine and you should have the data you need locally.
If you don't mind waiting for it to complete, you can try rebuilding Armory's database. If you open up Armory and go to the help menu, then choose "Rebuild and Rescan Databases" that should get it going. That said, if Armory isn't set up to find the blockchain from bitcoin core correctly, this won't help much.

Not a dev, so this isn't gospel, just trying to learn and help where I can.

Isn't --satoshi-datadir meant to point at "F:\Bitcoin\blocks" (in your case). As per https://btcarmory.com/docs/pathing#armoryqt
I take it you're using the latest Bitcoin core, too?

AFAIK, there isn't a direct way to just watch certain addresses, but if you've got the private keys you can create a normal wallet and manually import the keys under Wallet Properties.
They'll be listed under "Imports" on that dialog once they're added. After that you can then convert the wallet to a watching only wallet by using "Export Watching-Only Data" (also on the same dialog).

If I'm wrong about any of this, I'd love to know

I'd wager because they're encrypted by default now? At least that seemed to be the case for me - new user so not an authoritative answer at all!