just dont take the chance, i was in the shop when gm switched from green to dexcrap, the early years saw all kinds of problems. thye even told us to use distilled water not tap water with dexcool. i can not count the grand am's, firebirds, and grand prix's ive seen with a muddy looking substance in the coolant resivor. i do think dex cool is a good product and have it in all my gm's but i think they made it into something you have to think about instead of just dumping what ever out of the barn into the system.
short story time....
we had a 7500 series kodiac dump truck that was eating up heater cores, the shop i worked at decided to go cheep and buy a "dex cool look alike" we had been using it for a couple years with no issues that we knew about until this kodiac. after the 3rd heater core i flushed the system and put real dex cool back in it. we saw the truck for all their maintence and never had another failure. Bad thing is how many other cars/trucks got jacked up on that coolant.
take into consideration what the coolant is doing, it not only helps cool the engine, it lubricates the water pump to some degree, and prevents electrolosis.
good luck, some things are not worth saving a couple bucks on