I too am attracted by the idea of a HP DHW cylinder. However like a lot of this stuff there is a laundry-list of downsides.
1) The price is just way too high. A normal resistive cylinder might be £400 whereas a HP one is £2300 (
https://www.heatershop.co.uk/dimplex-ed ... -pump-170l).
2) The CoP is pretty terrible. All the ones I've seen claim 2-4.
3) They require large ducts (particularly problematic in a traditional British airing cupboard in the middle of a house).
4) They're very bulky.
I get the point if you live in a typical American house. Here the HP cylinder replaces both the water heater and dehumidifier typically sited in a basement. And you can even duct the exhaust air into the house if you require cooling.
Frankly, if you have access to a ToU tariff, resistive is hard to beat!