Narrow DOF is kind of unavoidable at high magnifications, it's not a function of the lens' design until you get very close to the subject and Pupil Ratio starts to matter (and I have no idea if the pupil ratio differs between the 110 and 140; neither should be telephoto or retrofocus which are the usual causes of non-unity ratios). If you shoot at 1:2 or 1:1 you're going to get razor-thin DOF no matter what the lens is, so nailing focus basically requires a tripod and macro rail.
If you're shooting intermediate magnifications like portraits, is f/4.5 really going to be an issue?
The instructions say you can set the floating element AFTER focusing, so I expect any focus shift to be imperceptible. If it's set wrong though, you will get increased aberrations... in the worst case it will be as bad as a lens with no floating element. There will be coma, softness, etc, even in the plane of focus; it will be worst in the corners.
The big question though: does it solve a specific problem for you? Are your 110mm closeups insufficiently sharp? If not, I wouldn't bother because it doesn't bring anything to the table other than better sharpness at high magnification.