If you don't mind the weight try it out and let us know how it goes. There is no reason I can think of why it wouldn't work just the added weight. I am now using mule tape for my tree straps and I use dyneema for my tarp ridgeline. What have started doing is putting sticks between the lines going around the tree to keep them from directly contacting the tree, this has helped out greatly and I don't have to carry the added weight of heavier straps.
"I love not man the less, but Nature more."