Well this is very dependant on the table, but against weak opponents raising P/F on your button could be a very profitable excercise. In late stage tournament play raising with any 2 on the button is almost essential if its folded to you if you want to go deep.
In a NL ring game, it depends on how many times on average it will work. Example : 3 Limpers, i raise 5xBB on the button and get one caller. He folds to a 5xBB C/B bet 70% of the time and check/raises 20% of the time. Loose example.
So looking at it, im winning 7 bets 70% of the time , and assuming i NEVER have a hand losing 10 bets 30% of the time, for a net win of 4.7 bets per hand
And thats assuming that we never have a hand the times we get Check raised.
Thats lots of assumptions, but in a NL ring game, you should be raising lots from not just the button but from L/P. If my math is off then plz forgive my impertance, quick top of my head stuff this.