Are these bad starting items for a melee mid?
Yes, they are.
No early survivability at all.
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Against another melee maybe not, but vs range you will probably get spanked.
I've been doing this with Gemini, with reasonable success. However she also has relatively high starting armor, which the ring augments. A quick ring of the teacher means you have like 7 armor at level 2. You aren't really that easy to harass with that much armor, and the runes should be enough unless you're up against a Sill or Arachna.
It might not work with anyone else, though.
I think it's a situational build, at best. You have to be confident that you will only be facing moderate harassment or you are likely to get pushed out of the lane.
If you are a melee carry, get :IronBuckler::RunesOfTheBlight::LoggersHatchet: OR :IronBuckler::MinorTotem::MinorTotem::MinorTotem: :RunesOfTheBlight:.
Either one is fine, but if you go hatchet you need to use it, otherwise you will be wasting its potential. (To double attack a creep, or get a creep that is too far away).