I tried micing my bagpipe with this for live shows for a bit and the sound is very good.
The issue is, I play in a metal band and the loud stage volume was just a bit too much for this mic to handle. On small stages I had to stand near the drummer, and the cymbals bleeding into the mic was an issue.
I'm still going to rate this high, since the issues were in my particular use case and not a general problem. If you play jazz or classical music and you want a bit more freedom to move, this is great paired with a shure wireless (as opposed to standing in one specific place, so you get picked properly up by the mic on a stand)