It's funny, I've thought about this a lot. One of the reasons I love working on pin2k machines is how easy it is to swap coils.
And I've often contemplated adapting all machines I work on to either that or like newer WPC95's, the pigtails.

But a few things hold me back:
1) The time and effort to do this versus the amount of times I actually need to swap coils
2) The rule of thumb that any time you introduce another connection you are likely introducing resistance or additional points of failure

So, if done correctly, I'm absolutely sure it would work. But is it worth the effort? That's a different story.