Well, silver nitrate is soluble, so if the NHO3 actually reacts with the image silver, the result should dissolve. Beyond that, it should not react with the insoluble halides in the undeveloped parts of the emulsion. The main bad news is it's hazardous to handle (though the hazard is more immediate than potassium dichromate), and not terrifically easy for ordinary folks to obtain (these days, however, you can probably buy it from Amazon sellers). Buying nitric acid is likely to get you on a "list" (because it's so useful for making explosives) but if you have no criminal record it shouldn't be a big problem.
I'd be cautious using nitric acid on fiber paper, however -- there were those incidents in San Francisco back in the 1840s where people's collars caught fire after being whitened with nitric acid at the laundry...