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Absolutely. I have had that very idea, but I worry that there won't be enough thread for many tripod screws.

In many cameras, I also use a 1/4-20 flanged nut for the tripod thread, which works fantastically. Folks sometimes have a hard time finding the hardware, though. I recently designed a 3D printed replacement for the 1/4-20 flanged nut, which pops right in, and is replaceable if it gets stripped out. I should rework the ACME family of cameras to use this part.