I agree almost
PE will be helped by an ace side-count. As will IC.
I was actually lumping PE and IC into one basket here since the ace side-count would improve both a bit. Betting is on the other end of the stick and HiLo already counts Aces. One could, I suppose, further refine the betting accuracy by the side-count, but the gain, if any, would be very small since hi-lo already has a very good BC as is...
Probably the biggest danger is that you could improve things a bit with the ace side-count, but you could also screw things up badly if the side-count produces excessive errors, such as when the side count and running count are about the same.
All I can add is that I've looked at the issue, and have played around with it some with some test simulations, but I don't use it and am quite happy with the complexities I already have to deal with using Hi-Lo. :) I'm afraid that with a side-count, I'd be barred too frequently because of the give-away duct-tape wrapped around my head to keep it from exploding during a game.