It will work, but be painfully slow, especially with the power limitations of an electric chainsaw. And the electric is apt to burn out rather quickly, universal motors won’t hack that use for long unless really babied. Plus the kerf waste will be huge. Look at @BillSchiller 's observations.
My advice would be to jump into making a small bandsaw head, one that uses a fairly sturdy blade, and either power that with an electric motor or gas engine. Bandsaws are very simple in principle, just 2 wheels in the same plane on a fairly rigid frame with a tilt mechanism on the idler wheel for tracking on crowned wheels. Add blade guides. First invented by Chippendale, I believe, pre revolution. (He deserves a statue for that… )
Or buy a cheap Harbor Freight, modify and rebuild accordingly. Probably worth it just forthe wheels, tracking and blade guides.
The real sweet spot for a low capacity mill like that is to be carried into a remote location to make dimension lumber on site.