I would. With the emphasis on "reasonable" environment. In my climate outside the peak of Summer I couldn't keep kilned timber remotely near the MC it was originally delivered with. Maybe for interior shopfitting work in a completed building I could do it, but certainly not for "construction".
OTOH, the only "construction grade" timber I'm likely to see is kilned, not air-dried, so this question is rather academic. And the building work that I do myself is more likely to be green timber trad-framing anyway.
On the third hand, I'm not doing construction work anyway, I'm a furniture maker and working mainly with temperate local hardwoods. There's an attitude of superiority amongst kiln operators that their timber is superior, even their boil-in-the-bag beech. yet for long-term stability it's not a patch on air-dried. I don't work to
1/8" accuracy, that's my idea of an aesthetic size increment between two adjacent rails. I think of "accurate" and "stable" as being when I can't feel any step when I run a finger over the surface, or that a joint won't start to telegraph through a veneer layer in decades to come.