We got our Touchless cover in 2007 and it we have not regretted it ever.
It does hold up very well too. The only maintenance we do is replace the pulleys when they eventually wear out.
We had to replace the motor in 2010 after a lightning strike on the dock, which fried everything electronic in the boat and melted the steel cables holding the cover, dripping molten metal on the boat 😞
And one of the near-direct-hit hurricanes we had ripped the cover. The company's advice is to keep the cover down in a storm, but we now take four heavy straps with ratchets and tie it to the roof of the dock. And it made it through the last storm without problems. The dock and cover were made initially for a 24' wakeboard boat with the tower up, so it is wider, longer and much taller than is needed for a ski-boat.