Yes,if you have an established DSB with anaerobic bacteria populations that can handle this constant Nitrate level production from these bio-filters than i suppose it could.However,whats the point in having one of these filters?Since aerobic bacteria will colonize just about every kind of substrate(rock,glass,plastic,etc.)in your tank,why would one need another place/filter for them.Even though its possible for a wet-dry to work,as mentioned above,bio-balls also are a place that traps/filters particulates(mechanical filtration).Mechanical filtration like this is not a good idea IMO for a reef tank.
Unless cleaned regularly,the particulates in mechanical filters(bio-balls,sponges,filter floss,etc.)will decompose thus degrading water quality.