I think your approach is sound, but through my experience it seems that they never play through it very well. Fantasy wise I feel it's best to just cut or avoid all but the very best of players trying to play through it. Can you recall anyone that played through it and did well? So what I'm really trying to get at is that keeping a player on the bench with a wait and see attitude might not be as wise as just using that roster spot on a different player. I just don't know for sure, but going case by case might be simplified by basically saying if a player with turf toe is not on the can't cut list he should be cut because while it isn't technically a season ending injury it most likely will be a severely season altering injury. I don't know how to prove if the optimism for a return in the same season is realistic, especially when you consider the bias that a fantasy owner is going to have for the optimism of his own player. It is hard to cut bait and be wrong, but historically how often would you have been wrong weighted against how often sticking with a turf toe injury is detrimental to your roster?