I think it's a neat idea and would probably work to some extent, especially in a place that already has designated trails.

However, I always feel that hunting with as little scent as possible is hunting better. I would think that while it may work for the first season pretty well. It would greatly interfer on the farmland deer I hunt from that season on. I believe the whitetail would become wise to it.. smelling the grease on the chain, the bearings etc. and associating it with danger from the year(s) before. I try never to under estimate the power of a whitetails memory.

Bikers are in fact rare, or scarce, in my woods and the deer would catch on quickly!