Give it a shot. Not all your new words will survive, but neither do all your new ideas!
As an unrepentant neologizer I completely agree. There are multiple benefits to word coinage. New vocabulary not only expands our repertoire of concepts, but is also easily tracked as it swirls through the infosphere.
I consider the tags we now routinely invent for conferences are an important class of neologism. For example, I proposed GRL2020 for the future-of-libraries summit I recently attended. Now I’m subscribed to an RSS feed that notifies me whenever any of a blended set of tagging services reports a new GRL2020-tagged item.
Our newfound ability to observe and measure the mutation of language is truly one of the wonders of the modern world.