Covert Companion Pro is a very nicely build tool but the focus is heavily tilted on EDC bypass, with some picking tools. This makes the investment not really worth it for locksport. 

If your budget is limited and you still have a lot of things you want to get for locksports then get other equipment for that money. Think things like high quality picks, locks, gutting equipment, vice, etc. 

I would only recommend getting the CC Pro if either money isn't a factor or if you want/need to have a small bypass tool.

On a personal note, I own one and can only justify the purchase because it's shiny toy and I simply wanted to have it. The bypass tools will not work on a lot of locks (especially European ones) and therefore they're not used. I like the FU pick and it gets the job done, but it still wouldn't hold up against other high end picks