in theory only.... i would think if the pattern is
Row 1: knit
Row 2: k1 *p1 k1b rep to last 2 p1 k1
an easier way would be to reverse your rows making Row 2 : purl and Row 1:k1 *p1 k1b rep to last 2 p1 k1. I am a complete pattern newbie but in my head this seams like it would work on the round. Has anyone tried it and if not let me know maybe I might give it a go and see.