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I would not do it this way. Try this:
- Hard Bounced (Email Bounced) x2, then Email Invalid=T
- Soft Bounces x3 in 30 days, then Marketing Suspend = T for 30 days
- Soft Bounces x6 in 90 days, then Email Invalid=T
Do not delete automatically! You will hurt your database because it could remove customers or other required data. I would go in once a year or twice a year (before Marketo's renewal) and find groups of non Customers that are Invalid, not active for past 90 or 180 days, etc...and then export, then delete from Marketo only.
Thank you, Josh!
I appreciate your review and comments, always super helpful.