Yes, you can do it, but don't expect to be able to ride everything unless "everything" to you = a couple of rides.
Close to closing time, the lines are much shorter. The only risk you run is if, for example, you save Rise as your last attraction of the day, it could be broken and you'd miss doing it at all.
If this is your only day in DHS and you really want to do it all, buy G+ and ILL$ and just figure in the cost as part of your entertainment budget.