Yes ... as long as you don't plan on ever having an actual emergency.
Why ? The handheld functions with increased range and also works as normal.
Not a bad solution if you don't have cash for both new radio and a handheld.
You talking the fact the handheld won't have the same wattage ?
Or that there is then a single radio and no backup ?
In that case I agree on both points.
For me the cost of a masthead antenna with top quality coax cable, fixed mount DSC radio, and handheld DSC radio is just what it costs to go sailing. Same with a bunch of other things. A used fixed mount DSC is cheap.
Then again... If they don't hear your mayday, it saves the taxpayer on rescue cost. Which cruiser once said that you should be a man and go down with your boat if you can't save yourself without outside help ?
The previous owners of my C22, evidently would rather get a nice shiny am/FM/cd player, than replace the ancient fixed mount VHF. Go figure. At least they could have nice music in an emergency.
I think I replaced it the first week I owned the boat, and sat in the driveway in the city, listening to the marine weather forecast.
I try to simplify things as much as possible. Less thruhulls, less fancy stuff.. less stuff to fail and possibly even cause safety problems.
That said backup GPS, VHF radios, and transponders aren't on my list of luxuries.