[dave44]

Seems like you'd be missing out on a good amount of value with your bigger hands both preflop and on the flop by taking this strategy, although maybe that is made up for in the deception you gain on the big streets. Also, your weaker hands now have more value because your opponent must consider those strong hands as part of your calling range, but you may miss out on the value of having the initiative. Tough to tell which factors outweigh the others, but it sounds to me like this may be something that works well when your against a strong aggressive player where having the initiative preflop is not worth as much.