It makes sense for concept albums/rock operas. Did Queensryche do it for Mindcrime? I know they were supporting Metallica when the album was released, but either they did it at their own gigs or retrospectively in the last few years I'm pretty sure?
I don't know if I care for doing it just because its a "classic album". Even most classic albums have tracks that don't quite work live. And if its for a new release forget it.