With small units like the Mighty Mite you give up important features like a refillable DI cartridge and full size filters which work much better and make the unit last longer. You also do not get an inline pressure gauge which is very important for troubleshooting the system and no capillary tube flow restrictor or TDS meter.
Small, nonstandard replacement filters are harder to find, do not come in most of the more efficient and desireable micron ranges, cost more to replace and do not last as long since they have less filtering surface.
Really not a good deal at all plus they are not that much smaller since they use the same bracket so are just a few inches shorter is all. I'd pass myself since it will be a much higher cost of ownership and does not filter as well.