For one device it works well, but when you get a bunch, I find it simpler to use one Pi (actually now a Lenovo m920q, it could be a Pi, I just needed a bit more power for other stuff) with the tunnels and make it talk to all the iot stuff. Has a few advantages:
- Updating the more security sensitive parts is a lot easier (only one machine can talk to the internet).
- Lets me use ultra-low-power 1-coincell a year stuff.
- Integrates everything in a single point so coordinating stuff is very easy (like, single action to close the blinds, turn on projector and set AC a bit cooler).