Does this approach make sense?
As indicated above, this will result in lackluster prints.
Moreover, trying to solve the problem by adjusting the curve can bring the additional problem of posterization in the digital negative, resulting in poor tonality. If you insist on proceeding with inadequate negatives, it's more sensible IMO to reduce exposure time. You won't hit a decent black, of course, but since you don't have sufficient density in your negatives to work at the full tonal scale, you might as well just shorten exposures so that the negatives still make use of the full printable range of the inkjet printer. Mind you, I must emphasize that this will not make matters all that much better - it just prevents even more problems than you're already juggling with.
Given the negatives you can produce, I would strongly suggest moving away from salted paper prints for now and focus on e.g. Van Dyke brown instead. This comes with the additional benefits of shorter exposures, easier coating, faster processing and less propensity towards staining. It's overall an easier process that most importantly requires less density in your negatives. Its peculiar curve, which tends to easily result in blocked shadows (as the process doesn't have the self-masking that salted paper exhibits), can very readily be compensated for by linearizing your digital negatives for the process.
Maybe a problem with the chemical makeup of your toner; it's hard to say. In general, gold toning will initially make the print more colorful and with less overall density in the initial stages of toning, but the density will build back up and color shift to more neutral as toning proceeds. I can imagine how mixing errors or degradation of toner working stock can produce a toner solution that results in loss of density and overall poor performance. I personally use thiourea gold toner which I mix just prior to use and discard after use.Furthermore, when I attempted Gold toning on the prints made with this method, expecting the blacks to deepen slightly, the result was that the Dmax actually became shallower compared to the untoned print—quite an unexpected outcome
Other papers may work better, but the fundamental problem of negatives stands in the way of producing quality prints. There's no way around this except from exploring other printing processes.