Dempsey did it in every fight. He was also hard to hit and had very underrated defense. Too bad that because he liked to press forward he gets billed as being some kind of a savage incapable of thought. He was pretty cagey in my opinion.
As for the move it doesn't limit your vision. I'm not sure how it would. And you're right that it leaves you in a position where you can't punch but only for the left hand. If you've seen any Dempsey you know that he likes to spring up from that crouch with a right hand. Dempsey hit pretty hard last I remember.
He looks pretty open but know that Dempsey's upperbody was constantly moving and he used a shoulder roll. Tunney as quoted saying that Dempsey was one of the hardest fighters to hit with his right. Kept catching air or shoulder.
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