My first mead was a cyser and I got the recipe here. It did call for a cold crash and then racking onto sulfites/sorbates when the SG got to 1.017, and that worked fine. So, it can definitely be done. You will need to chill the mead for several days before you rack (while still cold) onto the chemicals, or they might not kill the yeast entirely. Keep in mind that you might still get some fermentation while it's being chilled. I think mine went down a point or two between sticking it in the fridge and the FG after all was done.
I'm sure there are lots of pros and cons to doing this vs. backsweetening. The biggest plus for this method is that the sugars left over will not be the same as raw, unfermented honey (or other sugars), so it won't taste like you added honey at the end. You may or may not want it to taste more like honey than fermented honey, so I guess that's up to you.