Although i think i could do it i wouldn't recommend it.
Because of the amount of steel that has to be removed to do it properly, the blade would get much more narrow and as a result the edge would thicken quite a bit.
Because of the drag this induces the resulting knife wouldn't cut anywhere near as good as a real plain edge Paramilitary, so i think you would retire the blade very soon.
By the way, serrations are much more useful than most people give them credit for, not only for literal sawing action, but for push cutting (sometimes with a little wiggling) too.
For real tough chores i always use my full serrated Military.