I do something similar in concept. I start off with a base password with numbers, letters, and symbols (to fit most website requirements). Then, I generate 2 random words based on the website name (based on the syllables). For instance, Gmail -> GM -> Green Mollusk or Amazon -> AM -> Aromatic Mitten. I find that it helps with remembering them naturally since the random words form a mnemonic on their own. The solution space is still large enough that knowing the rule should still be secure in real-world applications.
