I leave it in my small pole and it doesn't bother me. Mostly cause I only use the small pole on the first floor so it's never extended past the first section.
When I'm collapsing multiple sections of the big pole the hose doesn't always slide freely through the butt cap and then tends to bunch up inside and pop the cap off and generally make a nuisance of itself. So I run my hose outside the big pole.
Oh yeah, and it seems like I step on my hose a lot more when it's coming from the inside toward my feet. Probably my fault for not paying attention, but w/e.