@Vulcan. Where did they mount your accessories outlet ?
Honda mounts the power outlet in the cubby hole for weather protection since not all outlets are weather proof even when advertised as such. If you do install one there, there is sufficient amount of space to run the power cord through the front of the access lid where the hand divit is.I whole-heartedly endorse the Powerlet and CEETEX's description.
If you ever plan to carry anyone about whom you care one iota two-up, in cold weather, the Powerlet should be installed as a pair.
I've had Powerlets installed low (ST1300) and on the handlebar (by dealer - Suzuki 650 V-Strom), and both locations are functional. My only concern is that realestate on the handlebar can get scarce with addition of navigation, radio, cruise control, and so on, and the Powerlet in general is not something that needs to be accessed while riding.
By the way, I was surprised to see the recommended location of the Honda accessory outlet. What do they expect people are going to do with it in that restricted location ? If one is planning to power something external to the storage compartment, how would one run the wires ?