Sooty, it’ll be fine.
I ran a KHS mountain bike as a commuter for a couple of years – probably ’98 and ’99 – doing 22 mile days. It did the job perfectly once I’d got the fit dialled – much easier with a quill stem. I had cyclocross bars, levers and bar end shifters, and used XTR cantis. It looked rather weird and was super stiff (I was using Conti’s tiny 1″ slicks – not a wise choice on relatively small 26″ wheels) but worked. I put on a higher rise, shorter stem than I had with my flat bars.
Basically, go for it.
I occasionally put knobblies on mine to muck about in the woods, and while it was pretty, er, exciting, it wasn’t something I’d choose to do full time. Proper CX bikes or stuff like the singulars probably behave much better. But since you’re not doing that, I can tell you you’ll probably have a good laugh.
One word of advice; it’s fine to use an MTB stem you have lying around to get the reach and rise worked out, but definitely worth buying a ‘proper’ road stem once you’ve got the position sorted – there is a slight difference in clamp diameters on the old skool clamps and bars. Not sure about the new oversize stuff, but I’m sure a good bike shop can advise.