All you're doing is eliminating the headlight on/off switch, so sure - shouldn't be a problem.
At minimum, you want to have the lighting on its own fuse, and the ignition on its own fuse. This way if you get a short somewhere in the lighting, you're not stranded at the side of the road because they're on the same fuse as your ignition.
Of course, I wired up my XS650 with a single 10A fuse, and have never had a problem. But it's something I plan to remedy as getting a short in a lighting circuit is pretty easy, and I'd rather not be chasing down a short on the side of the road just to keep the bike running.
Why do you want to eliminate the ability to turn the headlight off? You running an electric starter or kick only? Electronic ignition?
Electric starters need a lot of juice, and some bikes even turn the headlight off via relay while the starter is running (my BMW R75/6 as an example). Also, some electronic ignitions need a strong battery to get the bike started (Boyer's need a full battery as an example). So any draw you can avoid on the battery when you're trying to start it is a good thing.