i would think you would want to play as many hands possible with the blinds so low. as the tournament goes on the blinds will increase and if you are playing a turbo tounry the window to play certain hands will close fast.
It is for players like this that you cannot sit out early. While they happily call the blinds and see lots of flops, most of which they miss, their stacks go down as well.
Play tight during the first three or four rounds of blinds and observe the other players. See who is raising all the time, who is a rock, what position do they come in from and what hands are they showing down. You can use this information later on and after 3-4 rounds there should be 2-3 players gone already.
Raise your premium hands well, at least 4x BB and maybe more. If not called, show the strong hand to show the table you are only playing premium hands.
Now, when the blinds get to 75/150 you can start to use your tight table image to your advantage. Steal the blinds more often, say two out of every three times you are on the button in an unentered pot. Just make sure the BB isn't a call any raise, defend BB at all costs type of player.
Good Luck.