Satechi mount is in
The Satechi mount came today. Looks like it's going to work. There were some minor negative things worth mentioning though. The most important is how loose the swivel mount clip is. This is the plastic piece that the phone pouch attaches to. For some reason it has a real lot of play to it. I tried tightening the screw that holds it but that really didn't do anything to change things. I decided to do a quick DIY fix which seems to be working. I took a small strip of medium hard packing foam and wrapped that around the plastic mount. I wrapped a length of electrical tape around that to keep everything in place and that seemed to removed most of the play. After I was finished I took it out for a quick spin to see how it would fair while riding. No problems. As expected it is not as easy to turn the phone on but with practice it shouldn't be a problem.
The mount that attaches to the bars/stem is all metal and works great. The plastic clip that holds the phone is not as impressive but I tried smacking it around and it seems to hold. I'll likely use a safety strap for the initial outing just to be on safe side. If everything stays in place should be able to forgo the strap.
I haven't tried to see how water-proof it is but it looks as though it should shed water pretty good. If water gets in the only way it can happen is at the sides where the plastic folds over the opening for the phone ( about an inch on each side ). I suppose a small bit of water might find it way in but if you carry a couple spring clips along that should pretty much seal things up really well. It should be noted that there is small hole on the lower side designed to provide for a cable or headphone wire. Since water flows downward I doubt water would get in that way but it can easily be closed off with a bit of tape.
Pretty much, I'm pleased. As long as the phone don't go flying if I hit a big bump I'll have a winner.