Yeah, you are spot on Don, with your inquiry, "why we don't use it more often"?
Well, Sun Toy uses it with his cat rig, (Graham Radford) Nonsuch designs use it since the beginning of times as well.
I think Kankama's set up is really handy and l could not imagine another reason not having more boats set up like this just because we are a conservative lot not really fond of innovations.

Sun Toys 70k carbon fibre mast and wishbone might be another reason but the set up on Kankama proves it otherwise.
The huge sheet load on a mono would demand a pair of good winches but that's all.