At first thought, it seems feasible, but it is highly unlikely this type of conversion will end up well. As was mentioned, one aspect is the barrel/wood gap that will manifest itself as the sides of the forend are removed; it's likely the wood will not contact the barrels at all at the front. Also, in order to achieve a properly proportioned splinter, the latch will need to be inletted more deeply into the wood (closer to the barrels), meaning metal work will need to be done to allow the hook to properly secure the forend onto the loop. Obviously anything can be done, just warning of some pitfalls along the way.
Craig Libhart