Even though the two systems' powers are different, and although Naruto is just a fictional anime within Austin, since the Navy Six Techniques can be magically modified into this world, there's no reason the Chakra system with similar power characteristics can't do the same.
The logic is understandable, and there's a great possibility of realizing this idea!
Although the resulting Lightning Ball and Spherical Lightning are likely not the same, simply condensing Thunder Attribute Elements into a sphere is almost similar to the way Austin forcibly condenses lightning into a Lightning Ball through using Talent Magic.
This kind of Lightning Ball is far from the power described in previous science fiction novels where molecules are disassembled and reconstructed, and even matter is turned into a quantum superposition state, "erasing" from the material interface.
