A good idea, but it only works if you don't have the lower level characters helping out at all. I like to have my Shaman tossing heals on me, since it lets me pull easily many times more mobs than I could pull and solo. It doesn't take really any longer as a protection Paladin to kill 50 things than it does to kill 15 after all. So I need them to be in casting range and in LOS.

I use FFA for loot and pick everything up with my main, except for BoPs which I grab on my enchanter. Then dump stuff off to alts as I fill up.