I don't think that would work because you cannot format a CD in the right file system format to make it bootable. A sample CD uses a different format than a writable SCSI drive. But to be 100% sure, call Chicken Systems and ask Garth.
Yea Translator says it 'can' do this...but that u shouldn't.
I asked Garth about this once, and he confirmed the above - said something about CD Rom's Direct Dial/Macros thingy's getting in the way, and that it's best not to do it.