Asphalt Millings on Dirt Road

[Jeremy Kuchenbecker]

Looking for any opinions or experience with laying asphalt millings over a dirt road specifically to help mitigate erosion and potholes caused from poor drainage. There's an un-maintained dirt road of about 300ft leading back to my property that has higher surrounding land which drains onto the road. We're going to level out and grade the road but am debating using the millings to 1) make it more appealing visually and more importantly 2) provide better longevity. 

Jeremy