Images don't block anything, they are already lazy loaded. The onload
event notifies you that all of the content has been downloaded, including images, but that is long after the document is ready.
It might hurt your rank because of the lost keywords and empty src attributes. You'll probably lose more than you gain - you're better off optimizing your page in other ways, including your images. Gzip + fewer requests + proper expires + a fast static server should go a long way. There is also a free CDN that might interest you.
I'm sure google doesn't mean for the whole web to remove their images from source code to gain a few points. And keep in mind that they consider anything under 3s to be good loading times, there's plenty of room to wiggle before resorting to voodoo techniques.
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