I'd be concerned about it working its way off barbs - assuming that's the only way to hook it up, given it's too soft for the like of JG style connectors.
Seems an expensive way to cause more (potential?) issues. Not sure if it has any benefit's over vinyl (what I use, hence the comparison)... one of the pro's with vinyl is how transparent it is, if you do manage to feck things up and get beer in the gas line (keg to keg transfers of other cock ups), you can easily see it, and wash/replace at your discretion. Harder to see in beer line, and I'm assuming in silicone too.