Why not? It was an effective countermeasure to radar in the war and would fit in good in the game.
Even better, perk it. With all the Dars and Bars, country switching, comms between country,...ect Ray Charles can find and track bomber missions. Why not allow perked window to be dropped and give a little edge.
Both the Germans and the Brits used Chaff in the war, and used it effectively. It was the beginning of an electronic countermeasure revolution that continues to this day. I think in the game it would only be used in large, organized, events like last night. The usual hangar banger or CV Lanc'er isn't going to bother with it. Sending out individual ECM planes would be helpful to an attacking formation. As it is big bomber formations are the easiest things in the world to find.
Even if you didn't perk it just allow it to be carried instead of bombs. It would only be as effective as the altitude of the bomber and in general game play in the MAs who would really bother with it unless its a big organized event?