Thanks for all your thoughts, folks. For a start I'm pleased that no one seems to think it a daft idea!
I'm currently thinking that the twist-lock idea is the way to go. Being able to infinitely adjust would be a big plus and, as o.c. says, one could 'tune' the extension to suit different reels' effect on rod balance in the hand, depending on their weight. For this reason, and because the excess weight will be behind the top hand, I wonder if the gizmo's added weight might be a benefit rather than a negative. It could also be an advantage on a loch-come-river salmon rod where an extension is a pain in the boat until actually needed. But, if you leave the boat for the bank or the river then converting the rod to d-h with just a twist of the wrist could be a great asset.
icejohn - Thanks for that link. I knew I'd seen something along the lines of what I want and that Rodhouse thing was it, but I don't think that's it is designed to take a lower cork grip which a Switch would benefit from and may be specific to a particular spinning rod reel seat. It's hard to work out how it functions from the pics they give. Nice-looking bit of kit though!
Going back to the Manley 'Adjust-a-butt' JayP posted on p.1, as it's designed for spinning/coarse rods it is made to butt up against a section of cork handle. What I want would marry with the rear of the reel seat, so some form of collar might be required between seat and twist-lock mechanism, if only for aesthetics. Perhaps also to act as a stopping point for the twist-lock mech?
fruinfisher - Thanks for the lead with the New Era, I'll go and have a look online shortly.
Cheers all,
J.