I am mostly worried that the risks for the network effects due to a potential chain split could far outweight the marginal benefits provided by BIP110. As I said I don't mind the signaling, but not at the cost of damaging the network effect. I would have been much more comfortable to signal if it had not been of the UASF. I would be fine with BIP110 activating with 90% support or failing with 5% support, but I would not like it if it activated with low but significant support.
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BIP110 does not cause a chain split.
People trying to stop it might do one to retaliate, though