The ring would probably have to be stainless steel to be strong enough, the profile of the existing hub flanges would have to be flattened to make it fit, so there's less alloy between the spoke holes and the beginning of the ring. if it works, all well and good. If it doesn't the next mod could be a stainless steel ring that is positively attached with spoke holes drilled in that. The virtue of a steel ring is that the alloy will expand more in hot conditions, I suspect they get it on by heating it like a steel tyre. The bimetallic corrosion shouldn't be any worse than that from the bolts.
Damon.