UM, no that wouldn't work and would be grounds for a go around at many airlines...
Wingswinger,
I think we are actually arguing the same thing in many ways. By hand flying it, I am slower than I would have been in ground speed mini, leading to the more accurate touchdown.
Have seen very very high target speeds with groundspeed mini engaged on the autothrottles leading to just what you descibed (long landings, dithering around a couple of feet above the pavement for extended times etc...)
Cheers
Wino