You don't do a hypothesis test saying 'I'll set the criterion at 5, then I'll solve for alpha'.
You're not supposed to (in "real" research), no.
In practice, it happens all the time, especially in parapsychology.
Just as a sample case, consider the claim of T.C. Albin, "California Weatherman," as documented by KRAMER here on this forum. Quoting briefly from the claim and acceptance:
Claim said:I happily submit that it will snow July 27th of this year [2005] in Oakland. To be exact some time between 12:00 am and 11:59 pm on July 27th of this year it will snow in Oakland California.
Acceptance said:We accept your claim in which you state that you will "CAUSE IT TO SNOW IN OALKLAND CALIFORNIA on July 27th, 2005", providing that we agree that the Oakland, California you are citing here is the one across the bay from San Francisco, and that the snow will fall from the sky above, as if on a mid-winter Colorado Mountain ski slope, and that it be of meteorological origin, and NOT made artifically by some kind of snow-making machine. The snow must be as a result of the weather, and NOT man-made.
The claim is clear, as is the ad hoc acceptance criterion. (Perhaps needless to say, it didn't snow in Oakland.) But what's the alpha cutoff of this test?