In fact, that method could be used even with an Apollo-style (one-use) LM to reduce the total launch costs of a lunar mission; call it the "double LOR" method. The CSM would enter lunar orbit alone and rendezvous and dock with the waiting LM before landing, then rendezvous and dock again with the ascent stage after the surface crew returns.
Would it be possible, given the low gravity of the Moon to build a bigger, stronger Lunar Descent/Ascent Vehicle (LDAV) that carries down with it enough fuel (in the form of an exchangeable fuel module) to launch the entire LDAV back into orbit?
The missions would look something like this
1. The crewless LDAV is sent on the slow trajectory via Earth-Sun L1 as you suggest.
2. The first crew arrive in the Earth Return Vehicle (ERV) dock with and transfer to the LDAV. They carry out their surface mission, then lift off and dock with the ERV, transferring to make the trip home. After ejecting the fuel module, the LDAV is left in lunar orbit.
3. Prior to each subsequent mission, a fresh fuel module for the LDAV is launched on the slow trajectory via Earth-Sun L1 and inserted into a similar lunar orbit to the LDAV.
4. On arrival of each subsequent mission, the crew capture the exchange fuel module and install it in the LDAV before proceeding with their surface mission.
The ERV and LDAV are reused - only the fuel modules and the earth launchers for them and the ERV are disposed of, and the launchers can be much smaller if they are only launching fuel tanks and the ERV.
Perhaps a single type of launcher could be designed to accomplish both jobs?
Does this sound feasible? or practical? Or, am I missing some really obvious, insurmountable flaw?