Yes it is - try ascending from 60' and don't burb out any of that gas you put in the suit to relieve the squeeze and loft the undies. As the gas expands, you WILL becaome more positively buoyant. True, you have to burp the suit a lot more often if you're using it for buoyancy, but the concept is the same. It was not so long ago that I was taught the PADI way.
And I'm not making it harder on the new guy. I wish someone had taught me there's a better way - I had to figure it out on my own that it's easier and more controllable to slowly ascend horizontally, burping air as you need to, than it is trying to swim up vertically dumping air the whole way and hope you been dumping fast enough to be able to do your safety stop and not so fast that you get too heavy.