Let me first start by saying that I think the strategy for everyone is that if you do not have a Queen or higher, don't play the hand. That is what the dealer had said and the other woman next to me so I bought it.
Say you are playing at a full table and you put your 2 bets on the pair plus and the ante. You get dealt a J 8 7...Pretty shitty in everyones opinion I would believe and you would just throw your cards in. But if you get to make your decision based upon being able to see 15 more cards from the other players, I believe it would make for better decision making and lower the house edge. For example if everyone happens to get high cards then your % chance of winning may be better off than just throwing the cards away.
Although if the house edge is already calculated on whether you see the hands of other players than I guess it won't lower it, but I'm thinking its just like blackjack...the more cards you see, the better off you are.
Pretty much, it's all about how the H.E. is calculated...If it's based upon using the Queen as a pivot than you can lower the edge. Again, I might just be talking crazy.