I had never tried it before, but just from my tests on my 4 teams: its actually not a total disaster...
Pros: it's really fast... and if you are starting from scratch and aren't confident in your ability to set a depth chart it can be a good starting place. Make sure to set your positions before trying it (for reasons outlined below)
Cons: it sticks WAY too closely to the listed positions - so if the only SF on your roster is a walk-on, it will say to start that walk-on instead of shifting a PF over to SF. It also assumes a really shallow rotation. It will put the same guy as 2nd on the depth chart at 2 or 3 positions. That leads to a 7 man rotation, which might not suit your team depending on your scheme & tempo.
It works well on my Chadron State team where i have 7 clear players and each fit their position well. It doesn't work well on my Grinnell team where i have mismatched positions and a deep roster. The only glaring issue I found is that for some reason, it wants
Kung, clearly a PG, as 4th on the C rotation.