not really, on simple dungeons maybe (like the entrance to The Eye). but complex dungeons will have some alt get stuck, then you'll have to correct for it, then another one will get stuck, etc, etc... eventually you'll see the time is hardly any better than solo running them. and its many times more frustrating.
whoever, using click to move/auto-run and cycling fast between the accounts will net some good results. its still far from the ideal of running multiple instances in parallel, but its way better than running the same place over and over.
essentially you avoid the "downtime" of moving, you active window will always be the one needing a new move command, the rest will be executing the ones you gave them when they where active. on old instances click to move on a boss is enough for them to get close to melee and attack.
it could be possible to negate the effect of Legacy loot if you use coins. 3x teams of 5x plate can roll 15 coins on Garrosh doing only 3x clears per week. total rolls is 15+3 as opposed to 15+15, doing well over five times the work... diminishing returns start to show, and unless you want to go insane its better to fish for the shoulders with teams and coins instead of solo.
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