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The wash-rule waiting period can be a killer, so I generally prefer to double-up and then dump the higher-cost shares after 31 days rather than going without a position.
Wouldn't the LIFO/FIFO rules of accounting disrupt this strategy?
Not if you specify which shares you are selling. I do this all the time. One of my more interesting accounts is with Scottrade. At Scottrade, I can sell any stock in my taxable account, and select the shares that are associated with that trade, AFTER the trade, but BEFORE settlement date.
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