I have considered something along those lines, when making 1 gallon batches, but had to reconsider due to the hops utilization. I was thinking of it mainly because of the boil loss. I had thought maybe I could cut down my boil time as it was a small batch and could except for the chemistry (hops, dme etc) involved. My first attempt at a one gallon batch ended badly as I didn't realize that once it starts boiling, it doesn't matter if you are boiling 1 gallon or 10, the boil-off rate is the same.
Try a 30 minute boil and see how it works, maybe it will be drinkable, maybe not, but if it ain't very good think how bad it might be if cut back by 59 minutes. Heck, I did a 60 minute boil on what should have been 90 minutes and didn't like the results, there are timetables for a reason, far more complicated than I can explain, I just take them as gospel now and try to make better beer.