On our New Hollands, the way Nickel Plate has his hoses routed with a loop is the best. You DO NOT want to turn that DPOCV downward. See photo:
If you ever get an implement that is prone to rotating forward and over-center, it could smash your DPOCV and hose connections into the PTO shield. This is the voice of experience speaking. I've had two implements that will rotate the toplink over-center and down when the toplink is fully retracted (shortest length). My PTO shield is bent downward where the HTL hit it. If the hoses had been downward, it would have been a disaster instead of something I fixed by pulling the pin and backing up the tractor. I have one boxblade and one middle buster that I have to remember not to shorten the HTL to its minimum length. If your HTL is more than 19.5" retracted, you don't have to worry, but if it is 18" or 18.5" you have to be careful. I know lots of different tractors have different geometry, but I'm just saying on our particular model, it's important to loop the hoses as Nickel Plate did and keep that DPOCV pointed upwards.
BTW:
You cannot use your HTL with a post-hole auger. The auger hooks directly to the toplink bracket on the tractor and you have to remove the HTL when digging post holes. It's a snap to remove and disconnect the hoses, so its an easy job, but you asked about limitations and that is one I know of.