Looks a great idea as new ones are imposible to find. It also gives you a bit more adjustment. Mine's screwed all the way in, and there still a wee bit more play in the chain than I'd like. Suppose the real solution would be to get a new chain, but I've been holding off as the adjuster has groves perfectly aligned with the existing old chain.
I'd also need new sprockets, and as the clutch housing is integral with the large sprocket, and is also as rare as hen's teeth, that was a major hold up.
We'll watch this developmant with interest.