Yes, and no. I can do it and have, but it is not as stable as you may think. It is softer than the base metal and moves causing problems in the finish. Also acid is used in the process and if it is not cleaned off properly it caused blisters and rust. Not to mention it is quite heavy.
Here are some pictures of an Amphi car that I restored.
nice,,,and yes lead is very unstable ,i used it on a '49 merc i chopped the top on