As written this system does have a second advantage over a BAP + GECM combo. Specifically, it increases the Active Probe range from 4 to 6 to match the ECM system. I definitely think thats worthwhile, but if you're paying attention to BV while using this I'd suggest you tweak the value up a tad. Currently it looks like this:
Clan Light AP - Range 3, BV 7
Beagle AP - Range 4, BV 10
Clan AP - Range 5, BV 12
Bloodhound AP - Range 8, BV 25 (Ignores ECM)
So ballparking a range 6 AP at BV 14/15 I'd increase this to BV 75/76.