Eh, I suppose but I'm not a huge fan of recoil/trapping attacks such as Wild Charge and Outrage. Also, I feel like Arcanine isn't really suited to take on Milotic anyways so I'd prefer a swap rather than try to three shot a Milotic that can probably Surf you to death and probably have a Recover as well. The Thunder Fang, for me, is to cover flying types and less bulky water types so I think it does the same job as Wild Charge minus the recoil damage.