I do this regularly, depending on the needs of a particular negative.
"Split Grade" doesn't, in my mind, mean spitting the exposure just between two particular fixed contrast related filtrations.
To me it simply means using different contrast related filtrations in different proportions for different parts of the negative.
Very often something like the equivalent of a 1.5 grade will give you 90% of the print you need. All you need to do is add judicious bits of higher contrast light in parts of the image that benefit from it. That is still "split grade" printing.
In some cases, I'll even do a three way split - most exposure closer to a middle grade, but also some exposure in a softer than middle grade in certain parts, and also some exposure in a harder than middle grade in other parts. In some cases, you need to dodge portions during the closer than middle grade exposure, but other times you don't. It depends on the negative.
Here is an interesting experiment to try. After you get to a print you like using two way split grade techniques, follow it up by making two prints of the exactly same negative - one with just your main - usually soft - contrast exposure, and the other with your harder grade exposure. When you process those latter two experiments, you are likely to be surprised at what parts and portions of your final good print come from the respective portions. Having the two before you may give you a better idea as well how the exposures combine to work together.