Well, yes, I suppose if you happen to have two fully upgraded Balizardes and a couple of Meteoric Star Rubies burning a hole in your bagspace, go for it. Not everyone is that fortunate, though.
Although if you do have a bunch of MSRs or Ruby Eyes to burn, another option would be a pair of
Axe of Adaxus fitted with two gems each. These become 17-20/x5 weapons with rgr bonuses (17-18/x5 19-20/
x8 in LD). Balizarde and drow khopesh are still ahead on effective hits, but those should be some awe-inspiring crits.