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Recalled oily cheese as costly stuff for dressing (7)

Ross

I believe the answer is:

taffeta

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'costly stuff for dressing' is the definition.
I can't judge whether this defines the answer.

'recalled oily cheese' is the wordplay.
'recalled' says the letters should be written in reverse (to recall can mean to bring something back).
'oily' becomes 'fat' (similar in meaning).
'cheese' becomes 'feta' (type of cheese).
'fat' backwards is 'taf'.
'taf'+'feta'='TAFFETA'

'as' acts as a link.

Can you help me to learn more?

(Other definitions for taffeta that I've seen before include "Stiff, silky fabric" , "A shiny silklike fabric" , "Fabric -- a fat eft (anag)" , "fine stuff indeed!" , "fine material for dressing" .)

I've seen this clue in The Times.
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