Welcome to LQ.org, biscuitboy!
Your question doesn't really have anything to do with
LFS, which is a project explaining how to compile a complete linux system from source code, so I don't know why you posted in this forum. But anyway, sure it's possible. That's why you'll find lots of Slackware-based distros, such as College linux and Vector linux; as well as lots of Redhat-based distros like Mandrake (let's see if that starts a flame war).
Enjoy!
--- Cerbere