Notably, it didn't work for me in the way I expected.
When I was trying to update ElementManager for CFv2, to trigger an action when a component exits (specifically, terminal, when the user types `exit` and the terminal process exits), I tried to catch a PEER_CLOSED signal on Binder, but it didn't work.
However, when I changed the code to trigger actions when catching a PEER_CLOSED signal on the ViewController, that did work.
So I don't know what that means. Perhaps Binder does not stay open after it's used to start a component. Or maybe ElementManager dropped it earlier than I expected. (I didn't think so, but maybe I missed something.)
Just be aware that there is at least anecdotal evidence it might not be useful in the way one might expect.