Heck, why not? Beaters are more of a spirit type thing. I once used an old Viner for a beater-- the decals were largely gone, the paint didn't all match, it looked ragged. Worked well, but then vintage stuff became better known and I noticed it getting an awful lot of second looks down by VCU, so I caved in and had it redone proper like. The "Huffy" stickers are an inspired hack and probably hide that bike better than the lack of decals did the Viner.