I've heard of this practice before. Since it takes 60 minutes to extract AAcids from the hops, the Aroma or Flavor additions (15m and 5m) still contain a substantial amount of AA. Reusing this trub will allow for AA extraction of the late hop additions.
It's an old practice, and seems to be in an effort to save on hop supplies. As the other posters stated, you wouldn't be able to determine your IBUs very accurately. Then again, maybe one could just assume that the bittering AAs in the flavor and aroma additions are ALL still in tact due to the short boil exposure.
I wouldn't worry about "excess vegative matter". If a 60 min boil didn't hurt things initially, why would it matter to do it again? IF the hops are spent, they would just act as "spectator trub"... floating around with no effect.
I haven't attempted this.. just read about it. Do what you will.