I did the Stanley Hinge version of this mod (Lowes item # 902-6 2C) that someone came up with.
Been a long time since I assembled it but IIRC, the only extra parts needed are two bolts & two nuts. Super easy mod.
Folds up nicely and stores underneath a pin.
No cable re-routing needed--just loosen the release wire from underneath (at its termination point) to give it more slack so it'll be able to fold.