Yes it should work as long as you keep the blasting nozzle perpendicular to the tape--- if you angle the nozzle towards the edge of the tape it will probably pull the edges.
I use regular contact style shelf paper to make masks for ss tumblers and then blast designs on the surface-- so pinstripe tape should work fine too --- you might turn the pressure down around 90psi to keep the tape from lifting a bit also.
Good luck, show results
Oh yea, make sure you de-grease well or the tape will want to lift easier.