You'd only be ruining the game and it's learning curve for yourself, it's not like you'd get an advantage over other players seeing as how you'd be playing with people in rank 5.
Also, it'd be a stupid idea on the PC, as the game uses VAC, and character data will be stored on Steam Cloud.
You're right, honor systems are the best way to prevent cheating.
Btw, offline play means no Steam Cloud. Which means, you do what you want offline, and when you go online you send all your new and updated client data to the cloud.
VAC is an anti-cheat app that scans running processes against your running game process (It looks for hacks).