Yes, this is a viable method. As long as the saw is tungsten tipped you will be fine. Cutting with the back of the saw is a trick used with laminated sheet like laminex, it is done to prevent ripping/chipping the top surface. I don't believe that it would be necessary with aluminium.
I walked into a aluminium plate boat building shed and they were using tungsten tipped wood cutting saw as well as an electric wood plane (makita)

