Whether it's acceptable or not really depends on the state of the existing shocks. If they're more than, say, 50-60,000 miles old then the chances are that they are past their best. The standard (Boge) shocks are not best suited to shorter springs like Eibach or H&R although they WILL work OK.
The thing to bear in mind is that, from a labour point of view there is no difference since the struts have to be dismantled whether the shocks are changed or not. Similarly, the geometry has to be re-done, whether the shocks are changed or not. The ONLY difference is the cost of the shocks themsleves. On a rough average the fit/refit is about 3-4 hours labour and a geo is around £200 for a decent job, so there's the best part of £400-£500 without any hardware at all. Is it worth saving the cost of the shocks (around £500-£700 for a decent set of Bilsteins) when you may have to do the whole thing again sooner rather than later.
To be honest, I did exactly that. I had the H&R springs fitted retaining the standard shocks - and a year later paid out for the whole thing again when I discovered that the front shocks were on their way out. IMHO it would be cheaper to give the flexible friend an outing and get it all done at once rather than convince yourself you're saving money.
Regards
Dave