Projects like this is a clear indication of industry's failure to provide a decent protocol for low latency streaming to browsers. Just give me MPEGTS/RTP in element I'm dying.
I'd say no, RTP has incredible complexity and does not play well with proxy, NAT, connection forwarding, and many things. We do need a video transport better than MJPEG, but please don't make it RTP-based
Just use VLC, as everybody else.