If the bore was round and straight, and not tapered, you could; but that's only the half of it;
you still gotta deal with the ridge at the top of the bore, and
what do you do with the huge ring-gaps with grow by 3.1416 times the wear; which in this case is close to .016?
and finally,if the bore varies from top to bottom,(tapered) then the rings are gonna walk into and out of the grooves, accelerating the wear on those parts.
All in all, IMO, a bad deal.
Theoretically you could solve some of those problems, but it would probably be only a short term solution
