After 4 beers through the fermenter I have to say I really like it. Bought it for the handles but really allows me more flexibility when kegging. In that I reuse the yeast from one batch to the next (2 beers from one smackmpack). The wide mouth allows me to harvest the yeast for a future batch.
Also I like the spigot for racking to keg.
Yes a less expensive standard 6 gal bucket would suffice and years ago I would have never paid extra for such “luxury” but I am older now and well what the hell