This, from the Pardey's web site:
We have had several folks ask if a Series Drogue could be used in place of a para-anchor. They also ask our opinion of this gear for storm usage. Though many people talk about series drogues we do not recall meeting anyone who has actually used them in storm situations. The series drogue appears to present a problem when it comes time to recover it. A few months ago we interviewed David Armstrong a New Zealand sailor who lay to a para-anchor for three days during a passage from New Zealand to Tahiti on his 40 foot race boat. Part of that report makes interesting reading before you consider adding a series drogue to your list of cruising gear.
David not only cruises on his own boat but voyages with Henk Haazan on his 50 foot steel Artic island exploration vessel Tiama. As the para-anchor recommended for a boat of this size is not only expensive but large and potentially difficult to handle, David generously offered to make up a series drogue which he felt could be used either over the stern or over the bow. The drogue consisted of more than 40 cones on 250 feet of 1-3/8” diameter line. Once at sea David and Henk decided to test this while running in winds of 20 knots. The series drogue did slow the boat down to about two knots and held her almost directly before the wind. But, as we have read before with the series drogues, retrieval was extremely difficult. “Six strong crew took almost 3 hours to retrieve it and we were totally exhausted even though there was only 20 knots of wind. I doubt a series drogue could be retrieved in 30 knots of wind.”
I still like the idea, but I would certainly try my methods in 30 knots winds. I know I can retrieve a chute in bumpy conditions, and I think I would chose a leader long enough to collect it in the same manner, by motoring up to a pick-up line. As suggested earlier in the thread, it would be necessary to transfer the connection to the bow first, since you could not turn with it on your tail (I have tried that and heaving-to with a chute - it won't work on my boat if the wind is still blowing, though other boats may be different). I would also have to rig an apex float with a reasonable length (50'?) line plus a shorter floating pick-up line. Yes, this would make the JSD run a bit closer to the surface, but I doubt it runs deeper than 50' when it has a load on it. The engineering and stresses (several thousand pounds) would force it to come pretty shallow.
Basically, I would use the same rigging as for my sea anchor and simply deploy the device the conditions called for, from bow or stern depending on the device and conditions.
One difficulty with all of these discussions is the asumption that one size fits all. Different horses for different courses. At the time I used the chute I had a light catamaran that hung to it very easily and I had a lee shore to worry about. Otherwise, I would have run-off. Different boat, different storm, different geography... different answer.