add_custom_command at the top level directory

Code
1

I would like to iterate all my project targets with top level scripts. Then, I would like to add pre-build steps for all of them using add_custom_command. I realize that by default in newer versions of cmake this does not work because the documentation states that

The <target> must be defined in the current directory; targets defined in other directories may not be specified.

I am tempted to set CMP0040 to allow me to do this. What might the tradeoffs or negatives aspects of me doing this? It seems like a common usage to me to what to add certain steps/configuration to multiple targets. Not sure why this functionality is being deprecated?

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Note that at least according to the docs, setting the policy to OLD will do nothing to enable the commands to actualy work. They will just be silently ignored (as before) instead of an error being raised (as the NEW behaviour dictates).