Theoretically, having a faction for Freeport (and one for Baffin and Gran Canaria) sounds nice, but there is a problem to it:
There isnt very much to do if you stick to one Freeport. Take Freeport 10... all there is to do is to play arbiter when ever there us and Outcast around FP10, side with him or the CR/IMG/Trader?
I suspect that would get rather boring quickly, unless you have other political motivations... such as keeping a Zoner to help your smuggling friend or smuggler-busting lawful friend. That wouldnt exactly make people happy either.
On top of that, the number of players per system i rather limited. Most of the time you'll be alone "guarding" your freeport, which either gets more boring or puts a lot... bit too much power in one player.
Thirdly, the Jingitsu (I think thats how you spell it) Juggy isnt really a ship that should hang around a Freeport guarding it... since its almost as big as a freeport and looks like a freeport. I love the ship model... I dont want it gone. What are those going to do?