I wouldn't call it a honing technique since you are destroying the edge. I've only used a very few times mostly where the edge has a pronounced undulating edge that would have taken forever to hone out. I think it safe to say its not something that anyone without considerable experience should ever even remotely consider.

However its just another technique in the trick bag to get you where you want to be and like all methods there are several methods for each situation. So if you decide to use this particular method and you not up to the entire task the old saying, "may fortune favor the foolish", applies.