Interesting thread find. I've never experimented with this, mainly because I can't find players with good enough all-around builds to make it work. I have a few issues with this idea, though.
-First, I don't ever think it's a smart strategy to create a gameplan aimed at getting one of their players to foul out. The game engine is too unpredictable, and if another team only has one player that you're worried about, odds are you can design a tactic more reliable than trying to get him fouled out.
-Second, I've considered switching SF and PF offensively (not SG & PF as you suggest, but still relevant here).
My biggest concern with this is A) the offensive flow and B) your PF is still going to be taking shots at his new position.
Problem A comes up that you have a player with significantly lower passing in a distributing position, meaning that even with a mismatch with opposing PF covering your SG, your offense may be unable to get him the bal.
Problem B is fairly self-explanatory- odds are your PF is going to take a number of shots at SG, and my expectation would be that his decrease in efficiency may well outweigh the boost in efficiency from your SG's shots.
-To your third idea- might be worth a try in a scrimmage, but even with the modifications to the LI offense, you're going to get crushed by even an average team that runs a LI offense. 2pt shots are more effective than 3pt shots, and they're going to make such a disproportionate amount of those with those players on the court. Additionally, circling back to your foul idea, they're more likely to draw fouls on inside shots versus inept defenders than your jump shooters are.