Australian IC is a great idea
and personally i favor it
i can say its my standard move, altough i must say UK play depends( a lot or not ) upon the G1 move

so Australia IC can be put in round 1

even in round 2 if its a surprise

but i agree with Emperor Mollari without USA going forcefully in Pacific, UK forces down there are doomed

and altough this strategy is great, if Australian IC falls to the Japanese, it leads Allies to almost certain defeat, since UK spent a lot of IPC on their fleet here and (partially) egnored European theatre, so overall

i would say anyone go for it

and dont be dissapointed if it fails, even a few times, find a way to improve the strategy, it can be done, but it requires a good coordination, USSR and USA are (very) important here altought it doesnt seem that way on the first look

thats my view upon this…