Howdy,
Generally, it's a bad idea to target keywords not in your content. If feels spammy, you're not likely to rank for it, and it's likely to have a negative impact on user experience.
Imaging clicking on a search results about "Competitor X Keyword Keyword" - and then the landing page has virtually nothing to do with my search. Well a couple things will happen...
- The visitor leaves and clicks another result - Search engines quickly learn your site doesn't satisfy the query
- This probably won't even happen because search engines aren't that easily fooled. It's hard enough to rank with quality, engaging content. Putting some keywords in your title tag (or elsewhere) without all the other ranking signals to back it up - including quality content, links and more, probably isn't going to help you to rank.
I think you get my gist, but let me address your specific points.
1.) Does it hurt or help to load up the keywords with misc. keywords
Again, it sounds spammy, and keyword stuffing is a tactic that hasn't worked well since 2007.
Lessons Learned from an Over-Optimizer
2.) Any suggestion for almost blank/generic landing pages ?
Add useful, relevant content. 
Duplicate Content is a Post-Panda Word
3.) Any benefit or penalty for using fewer keywords on multiple pages ?
A general rule of thumb is optimize your page for keywords so that 80% of searchers using those keywords have the same general intent. If 70% are looking for one thing, and 30% something else, it's best to split those into 2 different pages.
It sounds like your customer should focus more on conversions instead of raw traffic. It might help to guide the client to go for quality of traffic instead of quantity, which usually pays better dividends.
Finally, a couple of more resources that might help understand on-page optimization. I recommend you take 30 minutes and read/watch them all!
http://www.seomoz.org/blog/getting-onpage-seo-right-in-2012-and-beyond-whiteboard-friday
http://www.seomoz.org/blog/4-graphics-to-help-illustrate-onpage-optimization
http://www.seomoz.org/blog/perfecting-onpage-optimization-for-ecommerce-websites
This should give you plenty of ammunition for your talk with your client. Besst of luck!