Run a search for a member called drdreas form Boston, I think he did exactly as you said, maybe he started with a 17" rear though...
Nobody local that I know of has met or spoken to him, and he doesn't answer PM's but his threads seem pretty complete and it looks like it'll work.
But remember that the rear rim has spoke holes drilled at angles for a drum hub, a front disk brake hub should have the spoke holes drilled at different angles than that, so there may be saftey concerns there...
-Alan
Also check out MCrider's thread in the project shop, I think he's gonna run an 18" front wheel.