I can’t claim to be an expert on such things, however - I ran one of these on my 916 last year. It’s tiny and super-lightweight, and for the 916 it works just fine, despite the specs being underpowered on paper.
However - I also tried that same LiFePO4 battery on the 888SP5, and found that it just didn’t have enough grunt to consistently start the engine of that bike, and reverted that back to AGM Lead acid battery for the moment.
The precautions I took was to replace the RR to a more modern shindengen unit, connecting it with a Triumph wiring loom connector, and to put a digital volt-meter on it also so that I could keep an eye on charging voltage. Having a reliable,modern RR is an important factor to avoid overcharging the battery if the RR fails - most modern Life/lipo batteries will have built-in protection, I believe, but it just makes sense to take the precaution.
For a charger, the LiFePO4 battery keeps it’s charge really well, but I have a pair of wall-mounted NOCO chargers, with a long cable to allow me to connect to any bike in the garage/workshop.