Go for it! 
It is considered a "band Aid" or a "Coat hanger" repair in the professional world. The market for a split boot would be 3rd world or DIY with low skill sets where price is the sole driver of the purchase.
As our car age beyond 10 years, many of the third, fourth owners are driven by lower cost of ownership as the primary focus. Any rational review of these cars on just $$ would drive potential owners to look else where for cheap transportation, as owning a high end car out of warranty is not for those who are driven by low entry costs and low maintenance costs. A few of our newest posters appear to have fallen for the low entry cost carrot without much consideration to deferred maintenance costs hook.
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2005 X5 4.8IS
The Blue ones are always FASTER....
Current Garage:
2005 X5 4.8is
2002 M5 TiSilver
2003 525iT
1998 528i
Former Garage Stable Highlights
2004 325XiT Sport
1973 De Tomaso Pantera, L Model
1970 Dodge Challenger T/A 4 sp Alpine White
1970 Dodge Challenger T/A 4 sp GoManGo Green
1971 Dart Sport, “Dart Light” package
1969 Road Runner 383
1968 Ply Barracuda 340S FB Sea-foam Green
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