Theoritically, it's possible to do that. But it's strongly recommended NOT to do that.
The management traffic might be starving if the service traffic occupy the most bandwidth, in which situation, you might loose the remote management of the device. What's more, the protocol key traffic dropping might cause serious results.
For example, if the STP BPDU traffic dropped, it might cause the network loop occurring, and as a result, the broadcast storm cases more traffic dropping, as the worst result, the whole network might down.