Hello and welcome to MalwareTips.
Yes, it is possible to use Trend with Comodo Firewall, just I see no point in it. If you configure the Windows Firewall too not accepted any in-bound connections without user interaction then that is one step up.
The Trend Micro Firewall Booster's feature is intended to provide extra network vulnerability detection and anti-bonet protection. By enabling the Firewall Booster it does not enable the Windows Firewall, and Firewall Booster does not register itself to the Windows Security Center (WSC).
It also works with third-party firewalls.
Hope this cleared things up a bit.
Once again welcome.