[soah]

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Not sure I understand you. If your stack is let's say $700 in this game (sort of typical) and your limp reraise fails (the pot is six way for about $50) you need to be really careful postflop when all you have is an overpair. When you get postflop action it's often going to be action you don't like.

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Fold.

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But let's say with $700 you either raise to $30 or $40 or limp reraise. If your raise gets called in five or six spots you aren't getting away from too many flops, the pot is too big (about $250) relative to your replaceable stack (in the Commerce game you can buy a max of $600 after going to the felt).

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If you limp in and get outflopped you lose $10, or maybe $60 if you bet and fold to a raise. By raising preflop and refusing to let go of your hand, you lose $700 when you get outflopped.

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A limp reraise usually narrows the field more, but if you didn't push everything with the limp reraise you are usually pushing on the flop with your remaining chips.

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If you limp-reraise you are generally going to be putting in 20-30% of your stack preflop. No hand is correct to call you even if they get the rest of your stack 100% of the time that they outflop you. Your opponents will either correctly fold and let you take down a couple hundred dollars of dead money with no risk, or they will incorrectly chase without proper odds. You win either way.

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Am I missing something?

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Yes.