I think this strat would work best if you thought you were outskilled by most of the other players in the tournament. It has the effect of taking all of the post-flop skill out of the game, which levels the playing field between a good player and a bad player. Its kind of like how playing a football game in severe weather conditions is to the advantage of the underdog. The severe weather conditions are a kind of "equalizer". In this case, taking out all of the post-flop play is the equalizer.

If you're one of the better players in the tourney (which you are), than I would just play poker the way you know how to play and in the long run you should finish ITM enough to make a profit.

Still, I would love to see you play out about 20 tournaments using this strat and see what happens..