Hi,
It is possible to use Hyper-V Replica, however SQL's own replication exceeds anything that Hyper-V Replica can do, I believe the recommendation is to use SQL Server's own replication.
You'll find some more information here:
Support policy for Microsoft SQL Server products that are running in a hardware virtualization environment
Best Practices for Virtualizing and Managing SQL Server
(If the reply was helpful please don't forget to accept as answer, thank you)
Best regards,
Leon