I haven't done this with anything other than low power, but there are a couple of other issues.
If you rear eject, your recovery device is hanging out the bottom of your rocket proper (all of the rocket except the motor ejection pod.) Unless you attach your shock cord to the OUTSIDE of the rocket, your rocket will descend and land nose first. Meaning nose will impact the grass, rocket, pavement, or whatever. This may or may not matter, depending on how tough the nose is. You CAN attach the cord on the OUTSIDE of the rocket, but it is a little tricky. If you do this,your rocket can hang whatever way you want, depending on the attachment point relative to the CG.
It is actually possible to have a motor pod ejected and have the rocket proper and the motor pod recover separate, each with it's own chute. This was done, and worked (at least once) for the Uranus Explorer (see RocketReivews.) For low power rockets, this can be kind of nice, as the motor pod is going to be pretty tough and has to come down safely but not that gently, in fact a streamer is often enough, and by separating the motor pod, the rocket proper is pretty light, so a relatively small chute will work for the rocket. But..... for rockets that don't go up too high, having two targets to track coming down may not be a big deal. If it's really going way up there, may be more difficult and you may have hard time recovering both parts.
Again, assuming your motor pod unit is tougher than the rocket, if you DO have the two coming down together, setting up the attachments so the motor pod touches down first may reduce the impact stress on the rocket proper.
Hope this helps.
Tom