Your pretty much right on the border between safe and dangerous. Some HDD/IDE Controllers will handle it adequately, and others will start exhibiting problems.
There will almost assuredly be an excess of CRC errors, and possibly slight signal corruption, nothing the the ATA interface's CRC error detection won't be able to handle perfectly but it will probably decrease IDE HDD performance slightly due to some data having to be transferred again.
If you don't mind marginally lower IDE HDD performance, and are willing to accept the fact that the life span of the drive will probably be shortened slightly then it should be safe enough, and you probably won't see any stability issues.
Do keep a very close eye on the JB drive though, as the Western Digital 'JB' drives seem to be rather sensitive to PCI/IDE bus speed.