No experience, but that does look pretty neat. I like the fact that it displays the exact tire pressure and doesn't just turn on a light. $200 is pricey, but if I was hauling a trailer I'd probably bite the bullet and get one. Knowing the condition of the trailer tires would be a huge safety advantage.
I've got oversize valve stem caps on my bike now and don't have a balance problem. Heck, you can always have the tires balanced with them on ... if it's going on a Roc then you won't have to wait long before the next set of tires anyway. lol