Not that I know of. It perhaps has been done somewhere.
My personal experience is that incapacitation does work. When the person is in jail, they can't commit other offences. If you can identify, as you say, the most prolific offenders and keep them in jail the longest, then you're going to have a significant impact on crime. But the key is identifying the prolific offender. If you have others in jail who are not prolific offenders, the impact on crime is much less noticeable and much less effective. Incapacitation, to get your best bang for your buck, has to be focused on the prolific offender, but it does work.