I think if you take a hand that you would be folding 95% and make it more of an 80/20 fold/limp it might work. that way you aren't limping behind too often, making your hand pretty transparent and making it too tempting for someone else to attempt to scoop up the dead money.

I would imagine that raising to isolate an open limper would be better than limping behind when there are decent-to-good players in the blinds. You will have position, but seeing a flop against 1 (probably bad) player in a raised pot is almost always going to be more +EV than seeing a flop against 1 bad player and 2 good players in a limped pot.

if your opponent is going to be check-folding flops that he misses then it seems like a crime to let him do so cheaply. If he is calling a lot of flop bets with speculative hands then the limp behind has more merit.

I like to try to make my opponents make the biggest mistake possible while playing to my strengths. I am not good at making tight laydowns, most of my opponents fold too much. It is a bigger mistake to make a tight laydown in a bigger pot, and also a bigger mistake to make a loose call in a small pot.