However, I've done it in 1999 and ran that system until 2001 when it became too much of a trouble to recompile everything and battle dependencies manually — note that LFS was not as detailed then either, so many dependencies you had to track yourself, and some were very obscure!
Yes, the time investment was high, but I was a high school student starting college with too much interest in something like this and obviously enough time on my hands (after which I was so "smart" to switch to Slackware, a one-man show where I also ended up having manually compiled versions of "small packages" like XFree86 and GNOME, which I was contributing to: when "GARNOME" showed up, that was a revelation! etc)
So if you can afford it, do it: using Linux will never be the same again!