Just don't do it on T1's. If you ever got in a situation where you needed to reverse out links because of a penalty, you would be screwed.
That said, I do it all the time on junk tiers, because those are not being built directly to the moneysite.
I don't want to get pinned in on an answer here, but you stated two very obviously different strategies: steady freddy vs. churn and burn. I do both, and it depends on the niche.
I always start low and gradually increase on the steady approach. I start at 3-5 per day in the beginning, and build up from there. I just don't bust balls when doing the steady deal. I view it as (hopefully) a site that will stick in rankings. If I screw it up, or G doesn't like it, I move it to the C&B program.
There's other stuff I do outside of SER, so you need to hit a bunch of forums and sift through the various techniques.