SO I guess what we need here is two things in my mind - the Invite a Friend component needs to be changed by the individual user to go to the CB registration - or added as an option in the component's admin side.
Also, as was suggested somewhere else I think it should be an option to automatically add (if selected in admin side) any new user that comes thru 'invite a friend' to the user's Connections that sent the invite. Makes perfect sense - of course I lack the knowledge to do that so somebody get crackin!