I've done this before when I had good reads on opponents, as you have here. I really don't know if it is right or wrong, but the few times I have done it I was very pleased. I will readily admit, I'm being results oriented for those few times. I'd say the frequency of this happening is in the range of < 1% so you can't be giving up too much.

If you were going to play it, a few people said call over cap...I like that line, too. It doesn't look like you will win UI, so give it call and re-eval on the flop. I guess the question is, is the deception of your hand > taking control of the hand where you will probably auto-bet the flop (improved or not) and then get raised?