The current reference design for the LIGOII interferometer features arm cavities which are highly over coupled. In this situation, in the absence of a signal recycling mirror, squeezed light injected into the instrument via the empty beam splitter output port would experience little loss. In this talk I will present predictions on the possible sensitivity of a power recycled FP Michelson interferometer assuming that current state-of-the-art squeezing technology can be applied and compare the performance to that of the reference Resonant Sideband Extraction design for LIGOII.