It's risky. When you look at a competitor's website, you only see their current version—which may be a winning variant from their tests. You don't see the failed tests they ran, their traffic composition, conversion baselines, or buyer sophistication. What works in their context might fail in yours. Instead of copying designs, study the principles behind conversion wins—like reducing cognitive load, matching CTA strategy to traffic intent, and prioritizing revenue-tied pages—and test those principles in your own context.