I had concerns about the lack of support in the forward direction. Apparently it's not really a problem. I don't think the cable would be in the way THAT much. So the main problem I see with it is that you can't fold it down while it's still connected to the boat. You basically undo some pins and have a big u-shaped tube to deal with.
If it's not too much more, I'd go with one of the mini-towers like the Monster Tower, the Joystick, the Skyjac, or the Boss mini tower (they should still be able to sell that one without infringing on CC's patent).
Of course, if you never have to fold it down, that won't matter for you.