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heres a pickle.
i play this way fairly effectively at stars and full tilt. but, lately have switched over to AP. the min rebuy sucks, so its hard to "top off." so, i stopped shorting and went back to 100-200 bb BI's. i have found a lot of loose passives over there, and i think even if i could "top off" smaller, i would be leaving a ton of value on the table.
what table conditions do you look for, other than already mentioned, that will convince you that buying in full is the way to go? deep call stations? overly aggressive villains? etc?
imo, this strategy works well for defensive play as well as offensive. if a table is extremely aggressive and puts constant pressure on the nits, shorting is a good way to get even with them, imo.
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