A little thinking here on hot air rising.. bear with me.
If it's too tall to fit in the cabinet with the feet on, that means there is not a heckuva lot of space on top of the unit for air circulation. Since most recommend a few inches , I would think carefully about this alone.
And, since most receivers depend on cool air entering the unit from the sides and bottom, drawing heat from heat generating components and thereby getting lighter and rising out of the vents on the top, well...
It sounds like you are effectively blocking the vents on both the top and bottom. It seems a little like playing Russian roulette with an automatic if you ask me.
I'd think really, really carefully about this.