Your statement is not correct. The NKJV was not based on or translated from the Westcott/Hort Greek text. Does love for the KJV justify making false claims about the NKJV?
Actually, I was sort of right in my statement.
"The footnotes in the NKJV are based on the Nestle-United Bible Society critical Greek text and thus create exactly the same kind of doubt you find in the modern versions. It tempts the readers to discount the authority of the passages questioned in footnotes. It also accustoms Bible students to the philosophy of textual neutrality, of picking and choosing between the readings of competing texts and versions.
The Nestle-Aland United Bible Societies critical Greek text (NU) follows the Westcott-Hort text of 1881 in removing or questioning dozens of entire verses and thousands of words that are in the Received Text. It is shorter than the Received Text by the equivalent of the entire books of 1 and 2 Peter. Those who believe the Received Text underlying the Authorized Version and other revered Protestant versions is the preserved Word of God reject the NU text as corrupted."
From :
http://www.wayoflife.org/fbns/whatabout-nkjv.html
Unless you can show this to be a lie, the NKJV footnotes are still connected to the westcott/hort critical greek text. Actually, I have an KNJV that's collecting lots of dust somewhere in a closet in my room, I'm going to check this out for myself. I see that there are footnotes, but I thought there would be much more.
The NKJV is not merely based on the TR/KJV, it also uses the Septuagint and the Latin Vulgate.
“I am not a TR advocate. I happen to believe that God has preserved the autographic text in the whole body of evidence that He has preserved, not merely through the textual decisions of a committee of fallible men based on a handful of late manuscripts. The modern critical texts like NA26/27 [Nestles] and UBS [United Bible Societies] provide a list of the variations that have entered the manuscript traditions, and they provide the evidence that supports the different variants. In the apparatus they have left nothing out, the evidence is there. The apparatus indicates where possible additions, omissions, and alterations have occurred. … I am not at war with the conservative modern versions [such as the New International Version and the New American Standard Version]” (James Price, e-mail to David Cloud, April 30, 1996).
From :
http://www.wayoflife.org/fbns/whatabout-nkjv.html
"Kirk DiVietro, Pastor of Grace Baptist Church in Franklin, Massachusetts, attended one of the Thomas Nelson planning meetings that prepared the way for the publication of the New King James. He testified to me that the Thomas Nelson representative plainly stated that their goal with the NKJV was to create a bridge to the modern versions, to break down the resistance of those who still revere the KJV. Following is Bro. DiVietro’s testimony as he gave it to me by e-mail on January 9, 2005: “Over 20 years ago I attended a pre-publication meeting of the NKJV held by the Thomas Nelson People and hosted by the Hackman’s Bible Bookstore in Allentown, PA. I am personal friends with the owners who took great delight in seating me next to the brother of the main translator of the NIV. The meeting was attended by over 300 college professors and pastors. At the meeting we were treated to a slide presentation of the history of the English bible and in particular the King James Bible and its several revisions. During the presentation of the NKJV the Thomas Nelson representative made a statement which to the best of my memory was, ‘We are all educated people here. We would never say this to our people, but we all know that the King James Version is a poor translation based on poor texts. But every attempt to give your people a better Bible has failed. They just won’t accept them. So we have gone back and done a revision of the King James Version, a fifth revision. Hopefully it will serve as a transitional bridge to eventually get your people to accept a more accurate Bible.’ Because of the years, and because I did not write it down, I cannot give you the speaker’s name and I cannot promise you that this is word for word correct, but the meeting so seared my spirit that I have never picked up and opened a NKJV. I can tell you that this is absolutely the substance and nearly the exact words of what was said.”"