Take this as the kind of half-cooked thought it is at this point (long day, about to go to bed and don't want to crack open the textbook), but the fact that you

Take this as the kind of half-cooked thought it is at this point (long day, about to go to bed and don't want to crack open the textbook), but the fact that your path loss leaves 10dBm of power above your Rx sensitivity doesn't mean you have 10dBm of link margin. I'm not completely sure, but I'd guess it means you have 10dB of SNR (theres a units from dBm to dB thing I haven't completely resolved in my head). Whether that makes your link work or not depends on the bitrate, modulation you choose and BER you can accept (and etc). If your modulation scheme needs 9dB of SNR (proportional to Eb/N0) to operate at an acceptable BER, your system may only have 1dB of actual link margin.