Of course it works. The dissipation isn't what you think. You can use a cheap 5 watt ceramic resistor. It's a very common thing to do to make blown cabs ready for quick sale. If you A/Bed it with another cab you might tell a difference.
Stage Guitars: '80s Thin line LP Custom, '70 LP Standard, '83 Squier Black Headstock Strat w/ Dan Torres pickups, '59 Black Danelectro DC, sometimes others.
Pedal Board: Nady UHF 10 -> TU2 -> Rocktron Big Crush -> 70s MXR Phase 100 -> Cry Baby -> Bad Monkey -> Early '80s Rat -> Early '80s Ibanez CS 9 -> Ibanez DE 7 -> Behringer Dr 100 Stereo Reverb
Stage amps: '63 Blonde Tremolux w/ two original 2X10 cabinets with a '60 Ampeg Rocket/18 watt VTB Marshall clone/ Epi VJ into a Mashall 1965A