RE: sound like a good idea?
It sounds like you need a climbing stand to me too!
If that is not an option, you could cut it into sections. If the legs are square tubing or pipe, just get a piece of similar stock that is one size larger in diameter than the legs are now and make some collars. You could bolt the collars permanently on one section, and use pins or bolts with wing nuts to put the thing together. These collars should make up for any weakening that you would be doing by drilling the bolt holes. Good luck!