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By this time, the TAG was gone and the table had loosened up a bit (forgot to add that to the hand). There was maybe one decent player left at the table. Does that change things?

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Sure, IMO! I play it every time in a loose game (that's the only kind of game I'll play in anymore, actually, and if they tighten up I leave, there are so many other games to choose from and I play all forms of poker) against players who will call down with lesser hands/pieces of the flop. I'll try to randomize raises with that hand as well but when the other players aren't even watching it doesn't make much difference. They see their hand, it's half-way decent, and they won't let it go. KQo is a big hand in that kind of game. But, still, you have to face reality. It's a vulnerable hand, it can cost you money, because "even a blind squirrel.............."