Historically satin was used often in "crazy quilts" but there too the satin was not sturdy enough to hold up to even occasional washing. You can find them in antique shops with considerable damage to what was lovely dress fabrics. Using an iron on stabilizer might help with the cutting of the fabric, but I would be concerned with all the work you would put into the quilt to then not have it hold up well over time. Perhaps others will have experiences that will give you better direction.