Interesting strategy. In over thirty years of extensive business travel I only ended up in a different place to my luggage twice, both in the situation you described so it’s a no from me.
It's an interesting philosophy hoping for delayed to get compensation. The logical extension is hoping for full cancellation so you don't go and get all your money back isn't it?
Flights were £2400 for four. A delay would be £520/person compensation. So for a few hours inconvenience, you get nearly the financial benefit of compensation whilst still going.
So no, cancellation wouldn't be the logical extension.
I'm finding you lot are getting worse at reading/thinking as the years go by and we all get older. This place is going to be wild in ten years time.
In other compensation news, I put in claim for the delay on my Putney to Waterloo journey this morning. The journey time should be 15 minutes. It took 45.