Sounds like interesting option, but 98% efficiency seem pretty unreliable, so I will still be at risk 2 times out of 100 intercourses when not counting other factors.
Personally I consider immediately after having second child vasectomy, though if wife would agree I would do it already now (one child is more than enough for me) plus store sperm in bank just in case if changing mind, since I heard reversing vasectomy ain't that successful. Seem safer with 0.15-1% failure rate than this method.