In short, no.
To expand a little, there are already plenty of ways to break a grapple with opposed ability checks and forced movement. I'm typically all for creative solutions the players can dream up, but a grappled creature is not a held object, at least not in my eyes.
That said, every table is different and if others out there would allow it the more power to them, that's part of what makes this game so great... we get to make it our own.