Edit: That should have been a "yes" to your first question.
No. I would never do that. (Especially since I'm the one who *****es about it the most.)
See if this diagram helps. A 4-wire humbucker has five fundamental modes of operation: Off, series, parallel, slug, and screw. This is the technique I use for doing dual humbuckers, when I have the luxury of a lever switch. Note, in this diagram that each mode is a vertical configuration, indicated by the colored blocks. And any mode can be slid left or right to get whatever sequence you desire. And any mode can be duplicated. Note that in the diagram I made for the OP, the first two positions on the neck are both "off." And, when a pup is "off", black & white are shorted together, and red & green are shorted together. But slug and screw coils aren't connected. It's the quietest humbucker wiring you can have.
In a "normal wiring scheme, when a pup is off, one side is still connected to ground, with the "hot" side unterminated. If you're someone who moves around a lot on stage, and have a really long cable, your guitar isn't actually at ground potential. You can still pick up noise. With this wiring technique, you can't. All coils that are "off", are shorted out. In any mode.
And, it makes wiring a Superswitch super easy once you get used to the technique.