I did it last year on public land in Missouri and it seemed to work out just fine. I even tied adeer trailer to the back of thebicycle rack and put all my equipment on the trailer, strapped down with bungee cords. When I gotas far as I could on the bikeI changed into my camo/scent gear and hiked the rest of the way in. I'm a scent control freak so changing after the ride seemed to work well, especially if I worked up a sweat.I dumped the bike, trailer, and gear bag in the bushes just so it wouldn't be in plain sight and even locked it up with a chain that was in my gear bag. Never had problems with flats, but it would get a bit muddy and maneuvering downhill in the pre-dawn darkness was a bit nerve racking. A headlamp is a must. I had a difficult time strapping down my bow and broke off my sight coming in one night (good excuse to buy a new one).
I've used it scouting too, but found that nothing beats scouting while walking. Maybe good for just getting to the destination you want to scout out. Riding while scouting is too fast for me.