Flying with an Ion in original packaging

Am I crazy to consider flying with an Ion in original packaging as a checked bag on an airline?  They don't offer any standard or additional liability for "computers." And I don't have access to a flight case. (Which yes, I would agree is the best option.)

Has anyone done this?

I'll probably get scared and just pay the $200 to UPS for shipping + insurance instead.

Thoughts?

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