My Newbridge Coromandel, Tammy Norie, has a hinged mast that I've strengthened myself, and I'm planning to enter the offshore Jester Challenge. I crossed the North Sea with it last week. I suppose that tells you that I have a reasonable amount of faith in mine.
But hinged masts vary, and I can't endorse yours, or make statements about them in general. You should look very carefully at the mechanism and assess how it might fail.