We do play it as part of dealers choice. My rough strategy.
From any position I am going to open with one pair hands TTxxx or better. I might loosen to 88xxx in later position and if I am first in. But with five starting cards, leaving the gate without at least a high(ish) pair to start is probably spotting an advantage to your opponents.
As for drawing, I will always draw three to one-pair holdings, draw one with two-pair, three of a kind, and four of a kind hands, plus open-end straight draw or flush draws.
I stand pat with made straights, flushes, and full houses.
I don't have two card draws in my strategy because it either telegraphs that you are holding 3 of a kind, or you are drawing to a pair and an ace kicker. I would never draw two to make a straight or flush, even three suited cards in a row. Either way no one will make you for a straight or a flush too often drawing 2, they might make you for those hands if you have those one card draws in your range.
If someone enters the pot ahead of me, I am probably going to play one-pair KKxxx or AAxxx only, plus two-pair and better hands, or open end straight or flush draws. I'll probably reraise most two pair hands depending on how loose I think the opener is.