Dear Steve En,
If your thesis is at more of a high school level, then I would say YES. However if this would be a master's or doctoral thesis, then I might look for a different approach to the topic...
As I look through the Internet, it does seem quite well documented that Muslims were in fact deeply involved in the rebellion, so your work with the TIMES article would be interesting from the point of view of the inaccuracies of news reporting..
And, if you wanted to go deeper, I can actually see a fascinating and important contribution through just examining what the causes were. You could talk about British imperialism, and also the role of religion - all as impartially as possible, to develop a valuable and realistic hindsight perspective to that rebellion.
Here is a quick summary of the destructive role of British imperialism, from Wikipedia: "Some Indians were upset with what they saw as the draconian rule of the (East India) Company who had embarked on a project of territorial expansion and westernisation that was imposed without any regard for historical subtleties in Indian society. Furthermore, legal changes introduced by the British were accompanied by prohibitions on Indian religious customs and were seen as steps towards forced conversion to Christianity."
* It looks like you have been with Blurt since July or so? Welcome!