Yes you can, but be careful what you wish for.
Waitlists are automatically fulfilled, and they might fill all of them (borrowing points from your next Use Year if necessary), and they would not notify you at all. IF you discovered it in time, you'd still be stuck with points borrowed that you couldn't put back in their original UY. If you didn't discover it in time, you could lose the points altogether.
The automatic waitlist has been extremely problematic, sometimes borrowing points unnecessarily, sometimes cancelling a base reservation when a one-day addon comes through.
You might try picking one option, and I'd only do that if I had sufficient points for both your SSR ressie and the waitlist ressie without borrowing. Then check your status often.