I use the ATX50 and the swivel was one of the factors in my decision to get it. My current impression is that the swivel is not as useful as I thought it might be at first. I only have two hoses coming out of my first stage (BC/aux and reg) so the swivel freedom is greater than on your average setup (~4 hoses). My BC hose really puts a brake on swivel freedom since it is usually velcro'd close to the the BC's shoulder. The more hoses you hook up to the swivel, the less it's going to be able to move. I'd only consider the swivel feature if you think it provides a little more flexibilty on the exact angles for your hoses, or else have fewer hoses like me.
In using rental setups, I find that the regulator hose gets fairly stiff once pressurized, and when I want to turn my head to one side or the other, I can feel that loop of stiffened hose wanting to torque the regulator in my mouth in the opposite direction of head rotation, especially when turning to the right. It's not all that bad and I'm sure most people are used to it but I find myself clenching my teeth a little to prevent the twisting and that's just not very comfortable to me. In colder water my lips get numb, don't seal well, and salt water seeps in around them if the regulator twists far enough. My point is that the swivel absorbs a little bit of that bending in the stiff hose instead of my mouthpiece. I don't think I'd notice any advantage if I had 4 hoses attached since each hose may potentially exert torque in the opposite direction of its peers and make the whole thing seem rigid.
It's too bad you couldn't actually hook an ATX50 up to your BC, pressurize it and test it out for yourself to see if it makes any difference to you. Barring that, I'm not sure of annual maintenance costs would be greater with the swivel design as opposed to the solid one -ask your LDC tech about this.