It is certainly worth a try because my TBR has lists within lists and I do read a lot--that's the saving grace.
I've tried a method of sorts for scheduling but something or other always comes up and I am not faithful to the calendar--and keep snoozing it. The good news however, is that once I pick up a book, I will finish it. I've found that sites like Blinkist help determine whether to read a book -thanks to their synopses.
Love the strategy you've outlined, though, Elizabeth. Nothing brings more joy than removing a book from the TBR!