That method was used by me and Dan, and maybe more, before the SS supported SwapAxis()
Initially it wasnt allowed in the SS to share pins between axis but Greg relaxed that option, think Dan was the guy that actually persuaded Greg to do that.
The only thing that was a concern to me was it was possible to command both at the same time so one had to be careful, not sure what would have been the consequences as I decided not to try

Hood