The bug is fixed at least in 15.6 and you cannot make a value of a system restricted lookup inactive in the GUI any more.
The next supported way would be to XOG in the status.
Even if you use the correct value
attribute "status" has a bad value: the value is not a member of the enumeration: ("inactive"/"active")
the status does not change in the GUI
For 15.6 the answer is no.