I used an ice 35 all last winter and I can honestly say I was very impressed, no complaints at all. I fished 5' of water all the way to 50' with no issue's at all. My friend also has the ice 35 and had just as good of luck with his. We fish together in the same ice shack with no problems, sometimes there's a bit of interference but its very minor and I suspect it would be no better with any other flasher.
Just rip the second cord off its not necessary, I left my float on and it all seems to work well.