If no twisting occurs or back alignment is lost, then this would be OK.
Better as a seated row, IF there is not excessive forward bending to reach the weights.
Use an inclined bench – lying face-down on this to support upper back.
Consider using theraband or a bent over row using a bench to support the body weight.
Lift offs would target the lower traps which often needs to be stronger
Given that lengthened, weak rhomboids/traps are very common with postural kyphosis…should you stretch these further?