I don't think you will be happy reading the results of a converted PDF. I had high hopes for it but in the end I'm glad I've bought a bigger screen device (not that it's perfect for PDFs by the way, still a long way to go), for the same reason as yours (programming books).
After all, we can't reall expect a complex PDF to be converted to an HTML limited based format and still retain that complex layout. Now I convert only the simple PDF files, containing mostly text and sometimes images, and in this case it is OK.
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