i thought it a poorly rigged preventer!  Never seen anything like it.  I agree, I can see no obvious benefit from it, and many potential downsides.
I would say that a vang is useful.  You can consider a rope vang, or a Garhauer rigid vang - there is an article about installing one on this site.  I currently have a rope vang, and although it does help, it is not as easy to adjust as I would like.
FYI, I also have a preventer - a nylon line (to allow a bit of stretch), stowed until needed, which I clip onto the boom end-bale and take forward to a bow cleat.  It's crude but works for me.