It should work fine, with the one caveat being that you probably need to use barbs and clamps, and not the blingy compression fittings most folks like to use with vinyl or vinyl-like clear tubing.
Edit: The reason for this being that the fittings that are usually used with clear tubing are typically metric sizes on the side that attaches to the flexible tube, and I've never seen any that are meant for tubing of that size. Barbs that size are totally a thing, though, obviously.
Just ordered loop parts and got some 3/8 ID 5/8 OD ZMT ordered. According to this guy on reddit EK ZMT and Bitspower fittings , using Bitspower V3 compression fittings for the same size worked just fine.