There is a catch. Not a "No-Go" but you should be aware of it.
The machine loosens and then retracts the cover tapes of all feeder lines on every pick. If you have lines that are rarely used the same cover tape section gets bent over and over again and will break eventually. I know of one user who pointed out exactly this problem with his Smallsmt machine.
To be fair the Smallsmt guy admits to this, which I find a very good sign in this market:
Also be aware that the actuator is pneumatic. A cheap and simple feeder solution should not require you to buy a compressor etc. If you need compressed air, then why not go all the way to Yamaha CL?
Having said that, an electric actuator could be more gentle and the loosening of all the cover tapes could perhaps be avoided because the feed drag would be slow enough for the cover tape to be pulled back on the go and gently enough.
See also (as has previously been pointed out):
Just make sure you don't make it one rod going through all the tape reels hubs. The reels should just roll on tangential rollers somehow, right?
Otherwise the changing will be a nightmare, even if like this guy you have perfected the process and modified the rod:
BTW: showing the change on the frontmost reel is easy, do the same with the back ones... :)
There are many reasons for a cartridge design....
_Mark