I want to believe that it would basically be an 'internal' CV input, so yeah...I mean, you're just running an LFO to the same place from two different sources. The goal would be to make them switchable...probably something like an ON-ON-ON so you could have one, the other, or both in parallel.
When set up like that on the board, it wouldn't be hard to wire it up for just one or the other, with no switch.