it doesn't work well with savvy FF folks. I've used it in mocks and thought this was the year for that. I can't get a top third WR-well one that exceeds so much that it embraces this theory. In practice, I think you'll find that in round three you might go to a different position.
At that point, I don't think there's a big difference in RBs from round 3 to round 4 (Of course the top ones are gone in 1 and 2) so I flat out felt stuck taking a RB there.
I chatted with someone after the bulk of the mock was done. He went four WRs in a row and said his goal was to not worry about WR this year(again it's a mock, just trying things). He had "no one" at TE as he continued to play catchup at RB then had to take a QB before they were all gone(the feeling, not all 32) and...that fourth is definitely too much too early.
Having tried this a bunch, IMO your best bet here is to go RB, then three WRs. I'd be curious if someone else wants to give this a shot and post back.
Had our main 10 team draft yesterday: 2QB, 3WR, 3RBs, TE, K, DEF -- our league historically is QB-heavy. Also, we're Non-PPR league so generally WRs are targeted later. I drafted from the 7th spot:1.07 Chris Johnson - 3 QBs went early before me, and apparently the holdout is scaring folks off.
2.04 Calvin Johnson
3.07 Hakeem Nicks - Nicks was the 5th WR off the board, behind (1) Andre, (2) Calvin, (3) Fitz, and (4) Roddy White
4.04 Vincent Jackson - VJax was the 9th WR off the board
5.07 Mark Ingram
6.02 (Traded up two spots) Eli Manning
7.09 (Traded back two spots) Knowshon Moreno
---RBs: Wasn't happy with the Knowshon pick, but I felt compelled to take him. I paired him up with McGahee in the later rounds. Also ended up with Delone Carter, Pierre Thomas, and Javon Ringer
---WRs: My only other WR was Jason Hill in the last round
---QBs: Ended up as Eli and Sanchez/Orton - not thrilled about those guys in a 2QB, -2 per INT league
---TE: Jimmy Graham and Kellen Winslow (our 3rd WR spot is actually a WR/TE spot, so Kellen may be my 4th WR)
---K: Nate Kaeding
---DEF: Pittsburgh
Coming in I had planned on going WR-heavy, mainly because I liked the mid-range value at RB moreso than the mid-range value at WR. But because the first couple of rounds were very heavy in QBs and RBs, I didn't want to chase those positions at the end of runs...so I zigged when they zagged. We'll see what happens.