Yeah as I said in a previous post somewhere I got turned on to it a few years ago as a test towards setting a goal. At the University of Washington we used this as a system for handicapping a tourney. It was good because it got people interested and happy at pocketing balls and gave them a goal to ascend to.
Every week we would have a tournament on Friday late afternoon/evening...8ball or 9ball...to be able to play in that tourney you had to play your 10 consecutive racks of FARGO during the week and have someone watch you do it to document the final tally. They would turn those sheets into the front desk in a folder to be held until Friday. When I stopped doing it I was averaging around a 180, couldn't get over that one critical early miss that cost me shots at 200+.
Then we would run a random handicapped tournament based on the difference between players. Usually spot one game for every 30 or so points difference. (since most were about the same speed with a few super high players) Race to 3 and the most you would have to spot is two games...so the lower player only had to win 1 game to move on. Made for tough tourneys for me, having to be aware of the 8ball at all times.
This was good because we also kept a spreadsheet with each players weekly runs on the wall and they could see an improvement week to week which made a lot of them continue to practice and want to get better scores the next week. But I guess if you were a sandbagger you wouldn't want to get better in this game.