Sounds like you've got it sussed Chris.
My business case for it would be shaky. Given the distance and time for commuting by bike I don't think I would have the commitment to riding everyday. I didn't do so to my previous work address and that was closer by about km, albeit the land from there to my new work address is fairly glat, the kicker is that if I ride to the new workplace, I'll be riding past the old one on the yarra river.
I too use a bit abus lock. The skunk lock kickstarter seemed a good idea too :p
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