Yes, try it, but make sure you use quality tape and a quality machine, and a quality playback deck, with quality speakers, and a quality source like a cd or dvd, with a quality recording to begin with. Your recording will only sound as good as your weakest link in the audio chain.
For my tests, I ran a 300-440 hrtz signal out of Adobe's Audition program, recorded it to cassette tape then re-recorded that, back into Audition and ran the signal thru the analyzer graph. I got a nice looking strong, steady signal on both channels.
For my audio test in the car, I used the Cowboy Junkies's cd, "The Trinity Session", for my demo. It's a quiet cd with lots of soft music, with great acoustics, which sounded great in the car. A nice warm, full sound. I also made a few other tapes, which also sounded very good.
What was fun about the whole experiment was, once everything was setup, I could burn one tape after the next, and get quality recordings everytime, with no computer glitches, bugs or crashes, that we've learned to accept with computers. Everything went very smoothly
The fun thing about cassette tapes is, if somebody steals them, so what....,,>>..<< ..?????

Just make a few more, with different cd's....