Yes and yes - unless of course you are going to be riding in Hugh Hefner's back yard
TBH each to their own I say - as long as your horse doesn't suffer severe psychological despair at the ribbing they'll get from their mates then go for it.
Have you considered the mental torture you might be putting your flight animal through, dressing it in predator print!! LOL I want mine to look like a zebra - but both my daughters will disown me.