Even if you are a "favorite", which in reality is a coinflip situation with overcards in say 2/3rds of the hands this TAG might play, your edge is very small in even these situations (even assuming you can get heads up). The other 1/3 of the time you are a huge dog. So you are putting in 3 bets (at least) to try and get heads up with a coinflip situation, where given the TAG nature of your villan, this will probably make for a not so fun hand to play out when overcards come. If it gets capped you are in trouble.

Now if the blinds are the type of players that will cold call raises then this only makes it that much worse for you. If one or two of those players call, things are getting very bad for you. If these players are going to see a turn or river with an overcard or call down any piece of the board you again are not looking good.

I think this play should be saved for a poor player with tight blinds. You are pushing a very small edge which is not going to win you more in the long run to make up for the 1/3 of the time you are a huge dog and the other times when your villan hits is overcards, not to mention the blinds hitting if they play along.