For what it's worth, I've been experimenting a little with this on Raspberry Pi.
Currently I haven't bothered much to integrate properly with the Mavelous front end - just a simple button that takes you to a separate, trivial web page that allows adjusting height, seconds of delay, and start/stop the follow-me mode. When sending position updates, it just uses the /guide URL on the main mavelous back end, which seems to work well enough in theory, and at home - I can watch mavlink messages being sent over the telemetry link, with sensible coordinates and timing. The resolution seems to be very good with an iPhone 5 - generally around 5m, and it does seem to update plausibly as I move around.
But the odd thing I've noticed, and I tend to notice this with Mavelous running standalone on the Pi too, is that eventually it seems that responses seem to slow down over time, and eventually everything just seizes up. I have a measurement of server response time on the follow-me page, and it tends to go from around 150-200ms at start of day, to eventually degrade to 30secs+ as things start to seize.
I'm not sure yet why this is happening, but it does seem to prevent me from using follow-me at all seriously, and so I haven't yet put in any effort to merge my code properly into the front end. The only theory I have so far is that mavelous + mavlink are using a lot of the Pi's available CPU - around 90% or so, according to top - and I suspect that the Pi just can't keep up with the demands of serving mavelous.
If I have a chance, I'll try to look into profiling and optimising the processing somehow - in particular, I've heard bad stories about lagginess and stuttering in CherryPy under load, so possibly that will be a good place to start.
In the short term, though, I think I'll just settle for an Arduino + GPS + telemetry module, running the FollowMe sample code from the Arducopter repository. I expect that will be more reliable in the short term, and will certainly be a bit more compact (albeit with much less function) than my current Pi-based setup.