Mark R, to be honest, we laughed at the idea at first thinking it would be slower without much benefit.. the weight wasn't a real issue at the time because we were all younger and bigger than the average bear. That has all changed!
We are no longer younger, and the decreased weight is a big advantage. Also, after doing a few, it turns out to be little to no disadvantage in time loss. What we did find is that we no longer wait for more than a few minutes to put bows in the oven. Also gassing and or foaming has all but dissappeared .. a real problem for us with some woods.
We went to half inch steel pegs so I would never have to worry about replacing them.. bought a "slightly" oversize drill bit to drill the holes so they would slide in and out with relative ease. Its also nice to have that bit to clean out the holes occasionally. Mule tape can be had very reasonably and can be used many times over.
Forms are also much easier to build without top form and you can do a custom riser if you would choose to do so.
good luck, BigJim