OK, just did a run with my laptop + PC. Used my main on my laptop to get the key in, then hosted the game on a dummy account on my computer. Used 2H-KO and infinite ammo/shield on my computer, which actually does work if you're host, so the run was quite easy. My laptop is too slow to actually run the game properly, so I couldn't pick up mods with my main on my laptop, but you're not doing these for the mods/exp anyway, you're doing them for the BP's and credits. Only thing I foresee is that my alt hacking account has shit equipment, and if I would use a Extermination III key, I probably would've issues getting shields down.
I could've switched and got my main on my computer and actually play, but then I would lose the infinite shields cheat since that only works when you're host.
I can confirm this method for 100% though. Key wasn't used up on my main after the run was completed. And so far, no bans on either accounts.
EDIT: Added you Pendo.