I'd say do not hesitate. I've done it for fancy dress occasions for work and social events. The work events got a little too frequent perhaps as one of my bosses, a woman, said 'you do like dressing, don't you?' Couldn't resist replying, "love it!' We remained good friends and colleagues until I left. No Hanky Panky eiher, before you ask.
Go for it - you'll have a ball.
xxx
Gloria