I don't think it's a good idea doing it like that, because it's increasing the risk of going beyond the tire's grip.
I mean, when you floor it, you are putting X HP in the drivetrain, in this case, the wheels, when you release it, you are putting Y HP again in the wheels, but in the oposite direction, so you'll have two opportunities to screw the turn.
Yes, I know, the diferential settings help to decrease this, but, anyway, you can go beyond twice.