I wouldn't. I suspect you'd wind up with corruption in the file if both agents attempted to manipulate the file at the same time.
Re: The DHCP snooping command:
I'm a little confused. That's for the DHCP snooping DB, not the DHCP server binding table. The DHCP database agent command is:
ip dhcp database url [timeout seconds | write-delay seconds]
http://www.cisco.com/en/US/docs/ios/12_4/ip_addr/configuration/guide/hipdhcps.html