My previous boss screwed his back up doing reverse hypers, but I have no idea if it was a form issue, too much weight, jerking off during the set, or what. I've personally done them in the past with no issue. My gym had a stack loaded machine for this that I actually felt was much nicer and less awkward than some setups, but obviously would be a huge investment for a home gym.
The new Rogue RH looks like something you could probably rig up at home if you had the time/inclination, etc. Seems a bit expensive for a one-use unit to me, but I'm cheap.