FWIW I have been using this technique for the past 6 months and have had great success; though, I'll note I've been using Cosmic Punch exclusively in that time, so it may not apply equally to all yeast strains.
I took the yeast cake from an early brew and dried it to use as my nitrogen source. When I need a starter, I mix up 2L of ~1.012SG wort to which I add ~20g of dried yeast. I give it a solid 36 - 48 hrs on a stir plate since at such low gravity there isn't enough activity to see a kraüsen rise and fall. I then pitch 1L into a 5.5 gal wort and save the other 1L for my next brew.
This is clouded by confirmation bias, but my beers have all fermented really well: fast and taste just as I expect them to. The overbuilt yeast that I place in the fridge also appear to last longer and come back faster than a traditional starter.
Before adopting this starter technique, I was already cutting down on my pitch rates and aeration levels since I was hitting FG within 48 hrs making it hard to time dry hop additions etc. So, the idea of having a slightly lower cell count (though at higher vitality) didn't bother me too much. My time to FG has only stretched out by maybe 6-12 hours, so I'm now just fermenting colder (~62F for this yeast).