If the geared motor has a clutch/freewheel, then no, it won't work because what it is essentially doing is either locking the motor's rotor in place, or actively reversing it, and either action means the rest of the wheel still continues to spin just as if you were coasting with the motor off.
Unless there is a mechanism inside the clutch/freewheel to lock it, too, then braking the motor on a typical freewheeling-geared motor isn't going to stop the wheel itself.
But it's interesting to knwo about what that brake line might do. I'm going to have to experiment with some of my stuff here that has that label, if I can find it.
Might also be somethign for Cwah to try with his.