I have to say 'no.'

The fly plaid should be the height of formality - groom at a wedding, that sort of thing.

With an Argyll jacket, to me (and I stress that it is "to me"), it would look the same as with a tshirt or a "Ghillie" highlander shirt. Out of place, and overdone.

Less is more, when it comes to the fly plaid, I think.