That's kinda what I was thinking too. There will be other opportunities to come out which don't coincide with celebrating someone else's achievements.
Think of it this way: when you come out, you'd prefer everyone to be focusing on you, right? If you come out on your sister's big day, they'll be focusing on her instead.
What's your reasoning behind wanting to come out to those more distant relatives? You mentioned you're already out to your parents and close family. Is there a specific reason you need to come out to everyone else on the same day?