Well, old man Bach himself took stuff by Vivaldi etc and rearranged it, Britten took Purcell's March from "Abdelazar" to produce "young Person's Guide", Ravel orchestrated Mussorgsky's two-piano piece "Pictures at an Exhibition", and much of "Rhapsody in Blue" is at least as much Ferdy Grophe as Gershwin, so why not? I do struggle sometimes to understand why people who play instruments with a huge repertoire written for them insist on having arrangements made of pieces written for other instruments, but hey - it doesn't stop the original being played, does it?