I have two or three cheap tournaments, where I always latereg/addon and most of the time make ITM. As people are waiting for the money spread, you can almost shove every hand and they might fold. (don't try with 62o, but acerag, pocket pairs...) Besides you are often seated at a table with other laterregs or similar stack sizes, so I rarely face Bigbulls that can easily call. In general I like more to start from the beginning and eat some fish to strengthen up. In expensive or more important tourneys with 3 hours latereg I like to enter after the first hour, when blinds are higher and antes worth to steal.