WAY COOL!
I have all sorts of stuff above my bench, including a full set of hammers up to a 2 pound cross-peen. I have my calipers, my squares, my clamps, etc. all RIGHT THERE!

I'll stick a pic in here soon to show you.

Again: WAY COOL!

BTW: you could add a weight on a cable against the wall and use a couple of pulleys to counter weight the whole thing, then there's no need for a little latch wobber on the ceiling.