You can, but the tonality is abnormal for a b/w print IMO. You may like it for the odd shot or two, but I'd say that in general it looks "strange."
I also do not think that this is generally better to do digitally, and it is certainly not cheaper. You need a scanner. Of decent quality, at least a couple of hundred bucks. I sold my Nikon Coolscan recently for $700 cash, and it is not even a high-end scanner. Then you need a computer. And software. And how much time are you going to spend scanning and Photoshopping? Then the big one; how are you going to get a fiber print? A fiber Lightjet will cost you about $50 just for one 8x10 copy. How long will you wait for that print to be mailed to you if you are not near a lab that does this? How much are you willing to pay for copies?
On the other hand, the analog route is simple, relatively quick, cheap, and better in an archival sense. I think that people must say digital is better so often usually because they just don't know how to do it all analog. All you need to do is print that color neg on to a sheet of panchomatic b/w film, and develop the positive for a lot of continuous tone. It's about $2 a sheet, if that. How much does a 4x5 enlarger cost? A few hundred bucks for a decent one, at most. You can even use litho film, which is ultra cheap, though it has the same problem as b/w paper: weird tonality from color materials. You then enlarge that 4x5 continuous tone positive onto a sheet of litho film (or pan film) the size you want your print to be, then contact print. Or you can use another sheet of 4x5 to make the negative from the positive, and then enlarge that whenever you want onto whatever size paper you want. You're probably talking about three to four hours of darkroom work, about $10 to $20 worth of materials and equipment usage, and you end up with a neg you can print at any time in the future, at any size, in a run of as many copies as you want, with all the archival benefits of film. So, less time, less money, and a better result the analog way.