Don't see why it wouldn't work. Maybe try to round out the corners at the base a little for strength I suppose; but in truth I've not done anything like that, so can't say I speak from a position of authority on this. It is interesting that pretty much nobody anywhere does this.... My guess is the weight reduction for such a small spot is pretty trivial. And structurally, since there are things going on there, There might be some benefit to haveing a little mass at that spot. If the goal is weight savings, there isn't going to be very much. If the goal is aesthetics, you kind of can't really tell it's thick there in a RRA LW cut; unless you are really looking for it. And unless you cut it perfectly, it might look a little strange with this approach as well.
Me - I'd probably just go all skinny and just a skinny gas block. Or just keep it full thick at that spot like everyone else does. This seems like a lot of effort to avoid just buying the skinny FSB.