If the heights are right it would work, But it's just not going to look right.
The hot ticked lately is a dot front. Either fiber optic, gold bead, or Trituim in front. With a wide "U" notch rear sight such as the 10-8 0.140 notch or Wilson Combats Battle sight. The rear is completely back, no dots.
You bring the gun up , eyes go right to that front dot and you drop it in the rear notch. Very fast, easy to pick up and align quickly.
Worth the money you will spend.
Another version of this on a G.I. sight set up would be to keep the dot front sight you already have and install a 10-8 National match sight in the rear. This sight will fit right in the dovetail you already have.
I have this set up on my current carry Colt Commander. works great and didn't cost a lot.
http://www.brownells.com/handgun-parts/sights/rear-sights/1911-national-match-u-notch-rear-sight-prod27421.aspx?avs|Manufacturer_1=10-8 performance llc