I used that technique on this canvas with I'd found discarded in the alley nearby. The canvas deserved to be discarded, it looked like the kind of wall art you can get at any department store; big ugly vase and flowers made from thick blobs of cheap paint. I sanded the blobs down, coated the whole thing with primer, frame and all, and faux finished it.
As it happens I was invited to participate in Downtown Scottsdale's first Quick Draw competition. They closed off Main Street where all of the galleries are and all of us invited artists set up in the middle of the street with our easels and canvas and had 3 hours to execute a painting which would then be auctioned off for charity.
I took a photo of my original sketch, put it on a jump drive and took it to Staples who made a bigger print for me. This copy is about 3 foot by 3 and a half foot. I rubbed charcoal on the back of that and had it ready to trace onto the canvas when they said "Ready Set Go!" I cleared all of that with the organization so no one said it was cheating. Other guys did similar things. I think I have video of the event to share tomorrow.