I have an RFID ignition switch on my 2007 Roadstar Warrior. I assume its the same RFID control box from Ebay that you are using. I'm planning to do the same on the current project CB750. Although I'm planning to handle the wiring differently.
The way I did it on the warrior was I tapped off the wires to the key ignition. From a wiring diagram I knew which connections were bridged when the Key was in the ON position. I tied each of those wires to a relay that was triggered by the RFID signal. I did the same latch you mentioned.
I tied the latch to kill switch. That way, if the kill switch was in the OFF position the RFID would trigger the relays but not Latch. When the kill switch was in the RUN position and the RFID tag was present, the relays would latch and remain till the kill switch was moved to the OFF position.
Is there a reason for it? No. Not one. In fact on my warrior I have to carry the key with me anyways because the gas cap is keyed. But its kinda fun and cool. I bought some small pill RFID tags and sewed one in the cuff of my jacket, that way I just reach down the side of the bike and the ignition powers on.