Hi, Brandon,
In the case of your example, that would work great.
But not all cases will be as simple: for example, kids --Censored-- playsets vs. wooden --Censored-- sets for toddlers. However, I would work in wood, wooden; kid, child, toddler, pre-schooler; --Censored-- set, --Censored-- playset, play --Censored--, pretend --Censored--, toy --Censored-- set; kids --Censored-- furniture, kids --Censored-- appliances, stove, fridge, utensils, etc., etc. into my content. Google will know that my site is all about kids --Censored-- and will rank it accordingly.
Here's how an affiliate site should be done:
http://www.kidskitchenplaysets4u.com - currently #1 on page 2 of Google.com for "kids --Censored-- playsets" (no quotation marks - it's actually on page 1 AND 2 if you use quotation marks, but most people don't use them in their searches) and Google is using one of my images in the pictures it shows on that page. It's been on page 1 of Google, but I haven't had time to keep up with adding new content lately. The current position on page 2 under the images is excellent, though! Notice how many unique articles are on this site: NONE of these are PLR articles! Google can't help but see this as a valuable site for parents and grandparents.