I wanted to do the same but...
When I first bought my second 29.5, I also considered moving the traveler from the top of the pedestal behind the helm, to the front of the companionway as it was on my previous 29.5. However it is much easier to handle the boom, by having the line right into the cockpit, without having to go around to adjust the traveler. In addition, the level of stress applied to the whole rig is much smaller. In a jibe under high wind, you can not hold the boom from swinging from one side to the other when the traveler is away from you, however when the traveler is right in front on you as it is in the 29.5, it is easy to hold the boon with one hand to avoid the stress applied to the traveler under high wind. The only advantage was the large one piece bimini, and that was the only reason that it matter at first. But after sailing for a while, I recomend leaving the traveler where it was originally designed to be.Hope this helps you to make the right decision. Happy sailing.