The property is named “Origin”, which makes it ambiguous with object origin, which, AFAICT, is not actually affected by that property (i.e. always ends up at the center). Perhaps it’s worth renaming that property in the UI to “Placement” or “Start at”? I.e. to make it clear that this isn’t affecting object origin in any way.
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Or even better - make the tool do what is says and actually place the origin at the base.
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Well, that would require changing the actual Add operator (i.e. ye olde Shift+A). Not that that would be a “bad” thing.