I tried that once. Because the handle was still a size too small with the leather, I wrapped the Gamma Supreme with a 1/2 overlap. I was pretty happy with it, but decided to go with a 1/2 overlap of gauze tape over the whole leather grip, then covered the whole grip with a Dunlop Viper Dry OG, with very little overlap. The gauze tape keeps the bevels and the firmness of the leather very well.
Dunlop MuscleWeave 200G 95 (353g, 8.5 HL), time for a new string setup, Alpha Pioneer DC+ dropweight