Not to mention you have to pay to disable the watermark.
Well I shouldn't say it's bad. It's just nowhere near x264vfw level (Lossless mode) and even MagicYUV is better. There's honestly no reason to use anything other than x264vfw unless you have a very specific reason not to. e.g. editing program doesn't like H.264 in AVI container. The config options for x264vfw are just insane.