I have a Karate Monkey with a Ti H-bar and I love it . . . for mountain biking. When I commute on it it just feels a little too sluggish and I don't like not being able to get low like I can with drops. When I switch back to my LHT it feels like a carbon Colnago in comparison.
So yes, it will work, and it will be bombproof, but you lose some responsiveness and "zip" and those things equal fun for many commuters.