It I understand it correctly, the method you described is what many people use as their default method of capturing HDR.
In fact it doesn't guarantee you don't blow the highlights, although the chances of that will be reduced. What you describe as "about right for main part of the picture" sounds quite arbitrary, and going -2ev from midtones often means you get a heavily underexposed shot with little to zero additional information, but increased chances of ghosting.
I almost always use ETTR in landscape shooting. By histogram, I can see if the scene fits the DR of my camera, which is, say, 80-90% of cases.
When it doesn't, I take just two shots: ETTR and ETTR +2ev. This is enough for HDR blending in 99% of cases. It's much easier to blend just two images instead of three - less chances for ghosting.
In very high contrast cases (e.g. the sun in the frame) I'd take a third shot ETTR +4ev.