Not by design. You can successfully run that in some cases, but that's not what the stem is there for and most can't be relied on to continually provide preload under vibrations and impacts. All aheadsets SHOULD be run with a topcap, and just because some people get away without it doesn't make it smart. I could probably run 4 disc rotor bolts instead of 6 and I could lace a 36 spoke wheel with only 28 spokes, and both would be rideable and save me weight, but it wouldn't be smart.jeffj45 you might want to rethink your above statement. the top cap is only here to load the bearing before you tighten you stem. after that its all the stem