If you haven't and you're on Firefox, go to `about:preferences#privacy`, then scroll to the bottom and you should be able to activate it there.
I'm not sure how common it is for hosting providers to allow that kind of traffic (I think many do not) and I'm not sure how their privacy policy for that kind of use compares to others but at least they don't try to MITM traffic. Occasionally I get sites that simply block the address range (like Wikipedia for editing last I checked, although viewing works fine) and limitations or oddities will likely be worse at first (Google really wanted to redirect me to their Hong Kong search page for a while when I first stared doing this) but it is rare that I have an issue now. I'm also on CenturyLink (which I chose as still better than Comcast since you can at least use your own device) and I recommend this method (also helpful when using wifi). Another potential downside is that you don't get the local CDN caches, which I'd guess most impacts the online movie services (I don't use them and only have a 12mbps download anyway so it would hardly be the bottleneck). I think routing DNS through SOCKS helps get the closest CDN locations to the proxy (at least using encrypted DNS is a must since CenturyLink messes with that too if you try to use another DNS provider unencrypted).