I don't know anyone who would attempt that. Kydex needs something to form around.
I'll add that the broad tip might add to the cost as well since that has to be accounted for. Also, you won't be getting much security advantage with Kydex since there's nowhere for it to grip without modding the scales. Personally, if I were looking for a low cost option for that knife, I'd look around at premade 14" machete sheaths.