I did something like what you're describing with my pool - thought I had it level but discovered it wasn't, so I drained most of it down to a few inches and then sort of rolled it over to one side to rake some more dirt from the high spots to the low spots underneath it. My pool is not a metal frame one, though, so I'm not sure if it would be workable the same way. It's also smaller - mine is only 12' diameter. It does seem to have worked for me so far.
Be careful of your backs if you try to pull the pool - I was surprised at how heavy mine was, even with only a little water in it.
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