Hello Mr B,
that is possible, but your don't have any headroom, if the heater voltage drop down. Then your are out of specification. Also the led needs 10 to 20 mA to light, but the valve heater needs 150mA. So you have to calculate the parallel resisitant.
In my way, only you have to calculate a resistor, which regenerates a voltage of 0,7V across it. This voltage between Base and Emitter will open the transistor and you can use any device, like lamps, LED or relays, to show that heater current is flow.
regards
Rainer