Obvious priorities there.
There are plenty worse than that. The storied dramatic fiction parent missing out on a kid's life is much better than what a lot of children have.
Yet, all kids grow up, and the greatest factor determining their overall well-being through life is socioeconomic status, not how many hours a father was present.
About the guy: I think if it’s just a one time thing it’s ok but the way he presents himself gives reason for doubt
It's debatable whether a parent always needs to "lead by example": for example, I've never played hockey, but I introduced my son to it, and he played for a while (until injuries made us reconsider and he stopped). For mental well-being, make sure to not display your worst emotions in front of your kids - they will definitely notice, and will probably carry it for the rest of their lives.
This guy is young. He can experience all that again, if it is that much of a failure, and he really wants to.
Sure, there are ethical issues here, but really, they can be offset by restitution, lets be honest.