So after collecting all the talent tokens required to unlock the "Balance Scout" talent, I gave it a spin and it works great. It's nice being able to get reagents that would normally be harder to get, plus getting reagents that are in the middle of big MOB areas.
However, when using Balance Scout with a mount equipped, instead of the pet running to the reagent and running back, my pet runs in place (It still collects the reagent, but the pet just runs in place)
No huge deal, but something I thought I should point out. The pet runs off while no mount is equipped, but when a mount is equipped, the pet runs in place.