  Recently it has been demonstrated that the combination of weak-continuous
position detection with detuned parametric driving can lead to significant
steady-state mechanical squeezing, far beyond the 3 dB limit normally
associated with parametric driving. In this work, we show the close connection
between this detuned scheme and quantum non-demolition (QND) measurement of a
single mechanical quadrature. In particular, we show that applying an
experimentally realistic detuned parametric drive to a cavity optomechanical
system allows one to effectively realize a QND measurement despite being in the
bad-cavity limit. In the limit of strong squeezing, we show that this scheme
offers significant advantages over standard backaction evasion, not only by
allowing operation in the weak measurement and low efficiency regimes, but also
in terms of the purity of the mechanical state.
