Several teams have done this before, with no issues.
179 in
2005 and
2007
1889 in
2007
234 in
2007
All of these robots performed excellently and drove very well (I think there's three regional wins, a division finalist and a world finalist in that group).
I would caution you to double check everything against the bumper rules. There's nothing inherently wrong about that type of frame, but without the specifics it's hard to say exactly.