I Love it! If your looking for suggestions: Buy one more part:
View attachment 862529
https://www.brewhardware.com/product_p/tc2hb58.htm
Use it as a blow-off tube for energetic primary to keep the gunk out of your gas post and swap it out for your bong when your ferment settles down.
...Just in case you want to do a batch to yield closer to a full 5G, and
if you still have any money left to spend: Get one of the cheap chinese 6.5G 'cornies' to mount it on. Here's a Canadian link to the keg;
https://www.ontariobeerkegs.com/ob-keg-6.5gal.html ..prices vary wildly and I don't know of a single cheap US-source, but have seen them on ebay and amazon as well as aliexpress..though: My pendantic take on those kegs: I don't like the small weld-footprint of the handles. It's fine for the smaller 1.6G and 2.6G sizes, but the weight of 5 or 6 G will cause more flexion of the top of the keg than I'm comfortable with, leading to micro-fracturing and the onset of oxidation and possibly eventually even warping the mouth so: Get or build something like a golf-bag dolly to strap it to.
Just my 2-cents.
Looking forward to your posts when you try it out!