The ligature of 'f' and 'i' is not "rare" and it is not "unwise" to use it. Actually many professionally typeset books are using it: it's not an "idea" as you wrote. It is something very real and often used.
It is so common and so good looking (I'd even say "so perfect") that you probably never noticed it but I can assure you that it's used in many of the books / newspapers / magazines you've read during your life.
I've written and typeset about a dozen book (one with LaTeX, all the others with QuarkXPress: it was before the InDesign days) and I can tell you that when I see a non-ligature "fi" I directly notice it because it is really poor looking.
Of course in addition to LaTeX, both QuarkXPress and Adobe's InDesign and several other professional typesetting software do the common ligatures.