You *could*, but... You could move the ROM addresses to $90 0000 in any compact Mac by fooling with the address decoder PALs, so they could have 9 MB of RAM like a Portable (8 MB in a 5126). You'd have to go thru the ROM and correct every place where non-relocatable code exists. The hardware is different enough that the Portable ROM wouldn't correctly initialize an SE, but the toolbox and OS parts are the same. So yes, it's theoretically doable. In practice, I doubt it gets attempted.
I did pick up a couple of those Portables. Want one? PM me.