I figured so. This UA5 was given to me and I had not even thought about using it that way. Not sure what I was doing. I had planned on asking for some C4's for christmas (or similar lower cost LD mics) and if I don't need to buy a pre right now it's a better sell to the wife. I do however need to get a new stand and some decent cables.
I thought I had read that it could be used this way, it just didn't click until last night at the detroit Crowes show.