I would say it is worth the risk in your case as there are only 2 move sets which are worse and 4 which are equal or better.
However, let me note that I made a similar decision as you and end up with an Arcanine with bite + bulldozer. This was one of my worst upsets in Pokemon GO as Growlith are very rare in my area.
Short: Always keep in mind the risk of getting a worse move set