I do it all the time for bindings as well as other stuff. Works well. One note : heat and bond lite stains some batiks ( found out the hard way) .
I hate pinning and use fusibles ALOT in place of pins on some parts of projects.
I found wonder under is the easiest to sew through, heat and bond lite is a bit stiff ( that why I use it only for bindings, that I will machine sew) . Steam a seam is a great bond but is a bit stiff and can be harder to sew through.