This has been discussed a number of times here, on iRV2.com and a number of other RV forums. The gooseneck adapter that bolts to the 5ver's pin box adds substantial torque loading to the 5ver's frame. 5ver frames are not built like gooseneck frames - they aren't designed to take this torque loading. A number of individuals who have used these adapters have reported the 5ver's pin box tearing loose from the frame. In response to your question, from an engineering perspective - a bad idea!
I have the B&W gooseneck with the companion RV hitch. Many users have reported no problems with this hitch, but I had a severe case of our 13,500 lb 5ver bucking and surging under braking. After a lot of investigation, the problem turned out to be the adapter post that attaches the B&W 5th wheel hitch frame to the gooseneck receiver - it was flexing under braking. In my case, it flexed back and forth enough that the feet of the 5th wheel hitch frame dented the bed floor in the truck. I cut some 3"x3" angle iron runners that reach from the toolbox in the front of the bed to the tailgate in the rear. When installing the 5th wheel hitch frame, I set these runners on the bed floor, set the 5th wheel hitch frame on top of them and then torque the 5th wheel hitch frame to the adapter post. The runners spread out the rocking forces over the length of the bed and stiffen the area under the 5th wheel hitch frame where the loading is applied.
I've passed this "fix" on to other B&W users who have had the same problem, and we agree that it makes the B&W about 95% as rigid as a Reese or other conventional 5th wheel hitch. In other words, we can live with it now when we couldn't before.
Having said the above, I still like the flexibility (no pun intended) of the B&W design that gives both a gooseneck and 5th wheel hitch capability. The clean bed floor when neither hitch is in use is nice, too.
Rusty