I am sure it would work.
but I had once up on a time a swather, that used belt drives, that really fascinated me, at it set up you had two handles one for each drive wheel, by either moving back or foward (do not rember any more) they would lock (over center) and provide power to the given wheel, foward, (guess pushing foward)
by rocking the other way it would put that wheel in reverse by working a jack shaft, it did not lock into reverse.
but the really beautiful designed feature was the way it would allow one to make Small changes in the variance of the driven wheels, one lever the right was able to tilt right and left, and when both wheels were locked in gear, (the belts were the clutch as well), there was center pulley that would slide and in the process of moving right and or left, it would change the ratio of the drives to each of the wheels, (just as a variable speed clutch works) but insted of a clutch it would vary the ratio between the wheels so one could make easy and flawless course adjustments), this was high speed and all the reduction took place after this.
but I was more under the impression that the better tracked units used a planetary clutch that had a brake on the outer drum of the clutch, instead of brake steering.
one more thing I saw and have always wanted to try, was to use a large used tractor tire, with the bulk of the side wall cut off and then stretch the tire over a set of tires for the track system, similar to this system
http://www.otico.com/local/cache-vignettes/L400xH271_photo_terraflex_syst-4d044.jpg but the tire would still curve and fit over rubber air filled tire,