As good as it sounds, I expect the bacon would overpower the flavor of the chicken. I ruined a pot of chicken soup once thinking it would benefit from some diced bacon.
I'd try it with a store-bought chicken that doesn't have much flavor to begin with before taking a chance on one that I'd raised and butchered.
With my birds I've quit marinating them or seasoning heavily because the flavor is so much better than storebought.
-DB