If the speaker wire is not that costly and you have it on hand sure why not. However, I doubt that you will even notice it especially if you are only using the system for HT only.

If you do notice a delay in the speaker you may need to use your receiver/processors channel delay to balance it out. Most receivers incorporate this option and all processors have it these days.
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ONE MAN SHOOTIN GALLERY

MY HOME THEATER PICTURES http://community.webshots.com/user/bonesnipe