C55399
Go for it, why not - 866Mhz falls bang in the middle of your antenna bandwidth - you should enjoy good Gain. Added to the Gain will of course be the reduction in noise and the improvement in noise ratio that you will enjoy.
The downside of course - and you will no doubt know this - is that you are going to have to continualy redirect/repoint the antenna towards the signal origin and will lack the ability to enjoy omni-directional coverage. But so long as this is not a problem (i.e. you know the position of the tower you wish to monitor and any mobile P25 you may wish to listen to lies within the beamwidth) for you, I'd say it was definately worth it.
You could compliment the Yagi with an omni-directional antenna - switching it in/out of the signal chain as you want, once you have the Yagi pointed in the correct direction, or keep it "on" to monitor a tower while following a mobile moving P25 transmission.
I'd go for it - whats it going to cost you? Coax and some connectors. So what if it turns out to be impractical, you could always use it at some later stage mounted at home to a mast. P25 is going nowhere - its here to stay for a good few years I suspect.