I don't think they are such a bad baler. I looked into them before deciding to go all small squares. The attraction was less hp required, drop dead simple baler and for me - selling all of my hay, I felt the small round bales had a place on the horse market. Many of the horse owners have a compact tractor with a front end loader; handling them would be much easier IMHO than a larger/heavier bale. The bales are small enough to load into a compact truck bed - like a Ford Ranger.
Downside IMHO is small bale. The bales don't come out crisp, square shoulder looking - important if selling. The pickup is narrow and if you have a lot of hay, much tying.
A friend of mine has one of these balers, not sure the exact model, but is like the 530. He feeds 15 or 20 cattle and the baler is what he has used for years and suits his operation well.
The same/similar baler is still in production as the Massey Ferguson 1735. Below is a youtube link describing the 1735.
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