One of the unique things about Pagos is all that leaping from cliffs, my suggestion is that airborne mounts (once you can use them) while not able to fly, could still glide down (hang gliding effectively). This could add to the satisfaction of having your mount back and would provide a cool opportunity to see Pagos from different perspective (while not taking away from the you have to jump mechanics). Note: This could be done as a side quest post 35.

Thank you,
-Thmas