That would work - Sheppards Hooks work pretty well too. I use a set of 3 lined up to hang my hoses.

Our solar blanket is on a reel we built thats set into the ground off the back end of the pool - sits appx 1.5' above and 3' behind the pool. Reels up and away from the entire pool and only requires one person to reel up or put back on. Cost less than $40 to build. Matt's design, check out his pool pics, Huskerfan's or mine - we all have the same one.