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.
MuscleWeave 200G (353g 8.5 HL), Cyberflash 1.25/multi 1.35, @48/53, dropweight stringer