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Hi...i am a new user here. I think you are going to have voltage drop that is for sure and the last switch will be no where near 48V input but this depends on cable length.No, your not going to have enough current/watts.Always assume higher peak demand then UBNT claims as MAX or PEAK draw.An AF24 POE adapter is 1.2A or 1.2 x 50V = 60 watts.Even their POE-54-80W POE adapter is only 80 watts. Now this adapter is better to use than an AF24 for longer cable runs to overcome voltage drop and it does have 20 additional watts.

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