Yes, do use it. It may not be intuitive to you at first, but learn the skills to use it and you should be very happy with it. I believe you'll need to learn to cut the film leader a bit longer before loading, as it requires a longer trimmed-down section, although I think some folks manage to do without that. I've seen dimension templates for that on the web, but can't recall where.
For excellent repair recommendations, see this thread:
Have fun with it.