That will probably work just fine if you can separate the receive and transmit frequencies by several channels.
Example #1 (mono path--16 miles, for AM station to FM station transmitter site then 2 miles to AM transmitter site) Receive: 944.5, 200' AG with Marti 4' dish, transmit 947.5, 15' AG into Scala PR-450 U.
There are two other STL transmitters at this site using 6' dishes, 160 degrees path difference but near the same elevation as the receive antenna. This required putting in the 10 db pad on the STL10 receiver, but works fine now. The other transmitters are at 949 and 951.5.
Example #2 (Composite path--25 miles, for FM on channel booster) 951.5 in to 8' dish at 150' AG receive, transmit at 50' into Anixter Mark small parabola at 947.5). The transmit here is at 3 watts for a short path.