Polyhybrid does change the outcome of the 1st generation of cross, and you’re right it will increase variations. However, even still, it is not the same as inbreeding for 1 generation. Many recessive traits will still be suppressed until it is inbred. Any homozygous dominant trait crossed to any recessive trait will only express the dominant trait and it will not show in the offspring until it is inbred.
Worse, the more you hybridize, the more recessive traits you suppress and the more plants you need to grow in order to recover them. Interesting and uncommon traits are typically recessive. Why? Because if they were dominant, then they would survive into polyhybrids more easily – the great mashing of heterozygous dominant traits.
If you have even 3 recessive traits you want to recover from the landrace, and they were crossed to 3 homozygous dominant traits, then only 1 in 4 plants (in the F2s) will have any given recessive, but only 1 in 4 in 4 in 4 (4 * 4 * 4 = 64) plants will have all 3. If you add males, you need to grow twice as many to identify the recessive traits in each, so 128 plants to secure a mere 3 recessive traits in a single generation.
Now consider than when you cross another strain in there, you are just putting yourself on a treadmill and losing even more recessive traits that you have to try and recover. It quickly gets out of control. 4 recessive traits? 512 plants. 5 recessive traits? 2,048 plants…
Many of these traits will be things you don’t even notice unless you’re really familiar with the landrace parent. Some of the traits you might not even want, and then you have to decide how strongly you feel about sticking to your goal against not wanting a trait you’re trying to preserve.
And this is the point of backcrossing. You will never get there 100%, that is right. The best you can do is look at this project in terms of statistics. What you want to do is steer a population of seeds toward the landrace parent. In my opinion, the best way to do that is to do it through careful, slow selections over many generations.
The point of backcrossing is that it does not have the identical effect as generational inbreeding. You retain the heterozygousness of the backcross parent. This helps you to do three things 1) slowly inbreed to prevent early loss of recessive traits, 2) reinforce the recessive traits you have selected and 3) open up the heterozygous traits for another round of selection.
It takes a LOT of plants to recover something close to a parent after a single cross. You don’t need to grow all of those plants in a single generation, but you can slowly and gradually move your seed populations in the right direction over many generations if you choose a slow method of bottlenecking and gradually work to improve your statistical chances.
I agree. That is a very difficult project. There are many more manageable projects you could do, and lots of interesting landrace options to choose that would have a much more straightforward path to success.