A couple of people tried it and could not get it to work. A siphon overflow works by the pressure differential between the display level and the top of the drain level. The greater this distance, the better it will work. A high standpipe may not have enough differential to flow.
If you were to do it, starting with an overflow that has a good design with a good spread between the two. I would make the primary drain as low as possible. The secondary drain, no higher than it needs to be.