I haven't even made the rocket boots, and the only time I use parachute cloak is when I jump down the elevator in serpentshrine or when I use my gadgetzan transporter and it dumps me up in the air. Don't get me wrong, it's cool that they're making this but I don't really get into the flying mount thing. Never bothered to get netherdrake / nether ray / etc.
Going out to play pool now with my fellow klan members. Have a nice night. - Midnyte
Seeing that your transporter drops you in gadgetsan leads me to believe your a gnome engineer. I'm not certain you can make the goblin rocket boots, but you can use them. They are fun, especially when they blow up.