Question for LL owners - meta refresh

[Jel]

I'm toying with the idea of getting a domain purely to set up pages that meta refresh to sponsors, for ease of changing linkcodes, so

sponsor a ---> all links point to the relevant page on the domain

and so on, for all my sponsors. I realise google frowns upon meta refreshes, that's not a problem, the domain will be used purely so I don't have to go through thousands of pages if a sponsor changes processors for example (which I'm currently doing, hence the idea).

Using a FPA landing page doesn't appeal to me, I saw terrible results when I tried that with one of my sponsors, I feel because of the url being nothing like the sponsors name.

I need to know whether the mouseover can still state the sponsor name, technically it isn't going directly to the sponsor, although of course as soon as the page refreshes it will.

Thoughts?