So long as you keep the front wheels pretty straight, no problem.
What are your axles' ratio, and what's your tire size?
Assuming 3.42 & 245/75R16, in 2WD or 4HI ...
Elapsed Time will likely be ≈ 16.7, Trap Speed ≈ 81MpH
Lemme see something ... IFF you're crazy enough to try 4
LO(
!)
Assuming the transfer case ratio is 2.72 ...
Just remember that your top speed will be 87MpH.
Likely a bad idea to drag race in 4LO, especially since you'll need to come to pretty much a full stop
and then switch to 2WD or 4HI to turn without damaging anything.
Enter gear ratios, tire and diff ratio to analyze RPM vs velocity at shift points with tracer
www.blocklayer.com