lol at the comments.
i have ultra lows in my VZ SS ute with stock shocks.
- towed my sisters car beautiful (who lives 45min away)
- no cracked *chassis* (i think he means diff cradle)
- never rides on bump stops
a camber kit will help not chew out inner tyres. i dont have one, i just have the tyres flipped and checked but local tyre bloke when i think they could do with a flipping
its actually more practical seeing as i can throw things in the tub without straining myself trying to throw it over the quarter panels.
so to answer your question OP, ive been running like this for 3+ years driving an hour to work and back and never had dramas. so yes you can.
EDIT:
pics to clarify
lows against ultra lows
ride height