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So my question really is: Should I just play anything for the first 2 hours and trust to luck and expect to rebuy up to 10 times on the night. Then if I get lucky and get a decent stack of chips I can tighten up a bit or should I just play prime hands.
Basically, yeah. Maybe not 10 times ... but expect to rebuy a few times for sure. Look for good drawing hands and that type of stuff. Your goal should be to come out of the rebuy period with a nice stack. Being willing to gamble in the rebuy period, but maybe not quite as much as the other gamblers, giving yourself better odds to double / triple up. A preflop all in call with AJ may be a good idea. TT would be even better. J2o, eh, maybe you can wait until next hand, eh? Take some chances when you think you likely have the best hand. Don't be afraid to get involved in a preflop coinflip or call an all in with a flush draw after a couple people have went in in front of you, or call an all in with top pair and a king kicker, etc.