I don't have an overarm connection - just the one for the cabinet. I run the 5" metal pipe across the floor to the TS. Been there 7 years. Haven't tripped on it in 6 years.
My shop space is tight. If I had a vertical drop, it would interfere with any number of things - moving lumber, getting sheet goods to the TS, etc. Plus - I have my 52" fence/table, and the outfeed table, "squared off" so there is roughly 6' x 6' flat area for finishing + assy. A vertical drop would get in the way of those tasks also.
Not recommending my solution. Just an alternative if there is on overarm collection. The pipe on the floor really, honestly, no-foolin' doesn't get in the way. Well, not for 6 years and counting. Spouse + visiting neighbors know there are many sneaky traps in the shop, including pipe on the floor. Be ware, or keep out.
When I started woodworking, I didn't know squat. I have progressed in 30 years - now I do know squat.