Interesting question Gil. By accident, I face lathered with a completely soaked brush and had not squeezed or shaken it out.
I had smeared some T&H 1805 on my face and took the sopping wet brush directly to my face. There was lather everywhere of course, including running down on my chest, but I continued to work it. Eventually it started to thicken, but it would never win any awards as to quality. Looking at it, I said too thin, too many large bubbles, need more product.
Nonetheless, I shaved with it and had a terrific shave. I think there is something to it and plan to try it again.
I also recall a jingle from a very old shaving commercial, something along the lines of "The Wetter The Shave, The Better The Shave".
Prior to this I would always strive for a firmer lather, almost like yogurt.
Try it and see what you think.
George aka Hex