Funny you should ask, my Peerless just showed up via UPS yesterday! It is nicely built and solid, but it is pretty big. Or maybe I should say the pipe is bigger around than I thought it would be, but it is still a very nice mount. Looks like it will hold a Sherman Tank up on your ceiling!!
I will be installing this baby this weekend!! I thought about building my own also but decided for convience to just buy, also looks more professional IMHO. Easy there DIY guys, no offense. I got mine at cousinsvideo.com and it is much cheaper than directly from Peerless. Cousins will have it drop shipped from Peerless anyway and right to your door. If you need help on part numbers or whatever let me know.