Told my lovely house spouse about this when he got home. He confirmed that the drop in height of the frame would likely cause problems with pedal clearance while cornering, he said you can get around the brake issue by using brake extensions, but he also said that the geometry of the bike would be altered and would negatively affect the steering.
His last statement was, "absolutely not recommended".
Living life like there's no tomorrow.
http://gorgebikefitter.com/
2007 Look Dura Ace
2010 Custom Tonic cross with discs, SRAM
2012 Moots YBB 2 x 10 Shimano XTR
2014 Soma B-Side SS