I've used a Park MLP-1 with masterlinks from SRAM/KMC/Superlink (both latching and non-latching) and never had the slightest problem with reinstalling them multiple times. There is nothing about the design that makes it a risk. Just remember the link wears with the chain, and should be replaced at the same time.
On the other hand, the *only* link I ever had disconnect in use was a Connex.