Can Coconut Milk Replace Dairy Milk in Coconut Quick Bread

I have found a recipe for quick bread that includes shredded coconut. The wet ingredients include milk. I have a can of coconut milk and was thinking of substituting that for cow's milk. Does anyone have an idea of how that might affect the results? The dry ingredients are flour, baking powder, salt, and sugar. The wet are 1 egg, vanilla, and milk. You stir in the unsweetened coconut flakes with the milk.