while i dont recommend it, it should work
it does adds an additional bottle neck to the system and the performance WILL NOT improve. it will either be similiar or worst, not the same. the drive will still be bottleneck by the IDE connection.
the better question is why do you need to do that?
are you planning to have 4 hd? and even then you should get a SATA hd instead if you get additional drives. motherboards normally have 4IDE channels and that should be more then enough.
even if you have 2 burners, 2hd it should be fine. if you need additional, use the SATA for hd.