I've done this "poor man's party pig" several times. Works great when I bring beer to an event; I like to decant into a pitcher before serving.
The only time I had an issue is once, the little "snap off" ring below the cap got caught under the edge of a cap & I didn't notice it while tightening it. Noticed it two days later & simple "re-screwed" it back on. No worries.
Don't drink & drive. Don't even putt.
- Dean Martin