Random thought here....
Could you use this device to hold your drogue chute in a DD configuration so that your initial decent is more like drogue-less or a streamer. Then you could begin to slow the decent rate down by opening your drogue followed later by your main at yet a lower attitude? Would this then be considered "tri-deployment" (TD)?
Example:
Apogee at 14,000 feet (Deploy drogue chute that is contained by this new device)
@ 2,000 feet, release the drogue
@ 800 feet, deploy your main
I don't know, just a thought.
Sure, one Chute Release per event.
Set each for whatever altitude you want (although there is no 2000 foot setting planned, the max right now is 1000.
If it's a heavy rocket and you're concerned about descent speed, I'd blow out a heavy duty, small drogue at apogee to limit that.
Then a small chute at 1000 to slow further.
Then the main at 300-400.
One thing to keep in mind is that chutes reach terminal velocity surprisingly quickly. In other words, once a chute is open, your rocket is as slow as it's going to get in a surprisingly short time (depends on chute size and how heavy the rocket is). Run a sim on your rocket and look at the altitude graph after deployment to see how long it takes for the altitude graph to reach its final slope.
I may change my tune as I test with heavier rockets, but so far the altitude I choose is based on my confidence in how long it takes the parachute as I have wrapped it to unfurl after being released. The two longest distances I've seen for one of my chutes to open and slow so far are 110 and 130 feet. Most of the time it's closer to 50 feet.
Right now Chute Release monitors descent rate and triggers right on the set altitude. I may add a certain amount of pre-release so that typical unfulrlizations (new word) typically happen a little closer to the set altitude. Something like 50-75 feet, with the risk that a "perfect" unfurl might end up a little higher than the setting. Not a huge hazard, in the scheme of things.