Doa, and somewhat moronic.
22LR has its flaws, but is a mature cartridge. Plus below it is 17hm2 which ... I've never seen anyone shoot. And above it are 17hmr and 22wmr which are deeply entrenched, mature and popular cartridges.
A "22lr" with a non heeled bullet seems nice.... but in reality what does it gain? Nothing that makes a "reasonable" sense. It is at best, a side grade.