Maxwell, that's a nice deal. I'm sure you like it, especially since it's local.
Here is my event set-up. Most still set up from the weekend....
K20D/BG2 with DA*50-153, AF540FGZ with Joe Demb pro flip diffuser/bounce card (another must have IMHO).
Bracket by its-own-self
Landscape Orientation
Portrait Orientation
Landscape Orientation from Behind
Portrait from behind
I actually use the bracket "backwards" so when I flip the flash, the button on the battery grip is on the top. I really like this set-up and it's pretty cheap, and very durable.
Also, something of note, the flash isn't centered perfectly over the lens, maybe off by 1-2" but I haven't noticed any difference in the final pictures, probably because the flash is so separated from the lens by the bracket anyway.