Well, I think linebreeding in a small herd may be more of a necessity than a choice, since replacing a perfectly good bull every 2 years is not good for the bank account, and you also don't get to see how that bull's offspring perform in real life by the time you get rid of him. Thus, us have 22 cows, we often breed daughter to father, and have kept a few resulting heifers (3/4 shorthorn) and I can definitely say those heifers looked great at weaning time, but don't produce the milk their mothers did (between 2 of these heifers from 2 fullblooded sister cows), so I can say hybrid vigour is GONE in the resulting cow. The other 2 hiefers, also 3/4 shorthorn and from the same 2 cows performed better on their first calf than the linebred ones did on their second (or really close). Thus I don't fancy keeping linebred heifers since I have experienced a lack of later-age growth and milk production in them, but it won't prevent me from breeding a bull to his daughters from a beef standpoint. 2 years ago we kept a bull calf from the same dam as these heifers, and we'll see what he bred this year and how that works. This coming spring we will have 2 GV heifers bred to their GV father and I'm curious to see how the calves will look in the fall. This coming year I have 4 more 1/2 GV heifers, which with the 2 that are calving this year may breed them to the 3/4 shorthorn bull, which if my memory serves correctly would be related by being both his and the heifers grandfather, which is very little relation.
Before I wear out my keyboard, I'll close with saying that for a beef operation, there's no reason not to if the calves are terminal anyhow, with the exception of a probably lack of hybrid vigor, and a small operation doesn't need to be SCARED of it, we've probably had over 100 linebred calves and none showed any defects at all