Should work fine. Similar to the "calorifier" setup used with hydronic heaters.
Note how he set his up to make the air rise to the top for easier bleeding of the heating system.
Current: 76 E-250, bubble-top, self-contained|couple of old Yamaha enduros
Previous wheelers: 41 Willys|78 FJ40|78 Bronco|84 Bronco|74 Ramcharger|78 Ramcharger|79 D150 PowerWagon|77 D100|79 D400 dually, converted to 4WD, utility bed, 10' Lance|75 Westy|69 Scout, RHD|bunch of others|bunch of bikes|couple of boats|couple of motorhomes|blah blah|so what|not my idea|just doin' what I'm told|wank wank|this space for rent|candy is dandy|but liquor is quicker