In theory that should work as long as you don't run out of rebound damping at the same time but when I talked to the owner of GP Suspension after he had successfully revalved and re-sprung a C14, he said the the harsh ride was actually the result of the 1.2kg springs and the forks had very little compression damping. That's when I decided to install ZX-14 forks.
Yeah, a softer spring would help too, though I find there's more compliance over low speed bumps, when damping force is lower and seems to get stiff on higher speed or sharp edged bumps as if compression damping really ramps up with sudden fork compression. I've seen varied opinions on the compression damping of the stock forks. There could be a lot of variance among stock forks due to tolerance stack-up. Just curious if anyone's tried different weight fluid in stock forks.