I played this with Grimsby. Won League 2, League 1, Championship back to back. Now in 7th place of PL in 4th season. So it's obviously an excellent tactic. However two critiques: you will concede a LOT and your players will constantly get carded. TBH in PL my GD is at 0 despite being one of the best attacking teams in the league. I have tried to shore up my defence but no luck so far from conceding goals. Removing "get stuck in" doesn't help much either. So overall, this is a B+ tactic for me.
Sorry should have qualified that. It was FM24.