I wonder if that would serve a double duty as also being a herbivore deterrent. With a top covering of a carbon rich mulch (yes, wood chips again) I wouldn't even worry about any odor that we'd notice.
Probably give this the same safety guidelines you'd give fresh manures. Other than that, sounds like a good use of resources to me. Many people here routinely incorporate meat and bone into their
compost piles with no bad effects.