I actually did the heavy pond liner thing one summer when my kids were younger, so yeah… it can work, but you have to go in with the right expectations.
The biggest mistake I made at first was thinking the liner was the main part. It’s not. The base is everything. I scraped the area down to soil, then added a layer of sand and compacted it hard. Even then, I missed a couple tiny pebbles and they eventually showed up as slow weepers. Nothing dramatic, just that annoying “why is the water line lower again?” situation.
Another thing people don’t think about is water weight and wall support. Once you get a few thousand gallons in there, that liner is under serious tension. If the sides aren’t supported properly, it stretches and pulls at corners. And if you’re running even a small pump and filter, watch your return flow so you’re not creating strong current that makes the liner flap. I noticed my filter pressure would creep up if debris got underneath and restricted flow, which was my cue something wasn’t sitting right.
If it’s just a summer splash zone, totally doable. Just over-prep the ground, protect the liner from friction, and accept you might be topping it off now and then. I wouldn’t trust it long term, but for one season? It can be a fun, slightly chaotic experiment.