I use this strap with some fairly heavy bass guitars and I have had absolutely no issues with it.
I particularly like how you can adjust this strap to virtually any length very easily, something that is not possible with some padded straps.
Considering it is not a padded strap, it is very comfortable and I have never had any issues with my bass digging in to me or unwantedly sliding around.
This seems like a strap that will last a very long time!
In short, it does its job very well and is not expensive - that ticks all the boxes as far as I'm concerned.