Yes, that's what I do. I don't mind the horizontal, but most of the time perpendicular to the trunk's axis, or the average lean/ profile for the banana shapes or the like. In limbs and tops too. The limit is how long the hinge will hold to ensure the full swing. A brittle wood may fall short before the lay. A stringy one may go too far (for a top or a tree on a slope).
Once, I had to fell a side leaning pine between a laundry wires stand and an edge. I wasn't really sure it would hold that long, so I doubled the correction just in case: perpendicular to the trunk and the classic horizontal shifting of the aim by the amount of lean. Well, dumb move, each compensation worked nicely by their own. So my treee went twice as far as intended and ended on the edge !