The pull-out hose puts less stress on the valve. And you weren't stressed to start with. It's all very well hauling a giant pump around, but all that leverage can snap a delicate valve stem right off.
The new Oi Luxe is luxe in every sense of the word. It's CNC machined ringer and brass dinger, stitched 'vegan' leather shim and metal injection moulded stainless steel, make it a pleasure to have on your handlebars.