I mount dummy coils of all kinds for decades. They work reasonably well with some pickups. Mostly with those hosting rod magnets (like the specific P90 mounted by Gibson in their Blueshawk guitar, including a dummy P90 for noiseless operation)....
P90's are more difficult to tame: they have a high inductance and the flattened surface of their coil is structurally more sensitive to noise.
The dummy coil used must have the same number of
turns than the noisy pickup but also the same "area" [EDIT - Unless a much wider area allows to use less turns... That's the idea behind Ilitch coils].
If one puts a reverse wound P90 in series with a noisy one, it works as a humbucking coil but gives a super high inductance (in the 15H range), making the sound super mid centric / dark.
If one puts the dummy coil in parallel, it's the contrary: the inductance is divided by 4 and the sound becomes thin with less volume. Like a devitalized Fender single coil... One can put some capacitor(s) in parallel with the whole and rise the pickup(s) the closest possible to the strings to compensate these downsides. Some say that's what SRV had in his Strat. But again, it works better with rod magnets...
It's possible to obtain a correct DCR + a correct inductance from a dummy coil in series with the noisy pickup + an inductive/resistive filter in parallel with the whole assembly. I have an experimental circuit like that in a guitar... Dummy coil + filter being enabled or disabled, I measure similar DCR and inductance + similar resonant peak. It works but still with a slight drop of output level and a subtle alteration of sound - P90's sound more like mini-hum's when I enable my experimental silent circuit.
If you can put the widest possible coil under the body or pickguard of the guitar, consider building yourself an Ilitch coil: you can use thick wire for that (38AWG, if memory serves me), making it easy to hand wind on any frame, and albeit it requires more turns than for Fender PU's, it's potentially the most efficient / less tone corrupting solution.
If you use a cheap pickup as a dummy coil, keep in mind my explanations above... Also and counter-intuitively, don't hesitate to put the dummy in series with the pickup on the
hot side rather than on the ground side traditionally used for that. It might diminish a bit the tonal alteration noticed.
