I use SRT with the Eddy as my total work system. I ascend on a RADS, remove it for working. It works extremely well on KMIII, Fly and Tachyon.
I started solely working off SRT in as many positions that allow since Jan. of 07.
[opinion]I was at an indoor climbing gym discussing with the owner friction knots. He demoed for me the gri-gri, and as he loaded it he fell right on his butt. From that day when I see a gri-gri, I pass. Apparently, with respect for all its merits, it can be easily loaded upside down or backwards. [/opinion]
The Eddy is quite simple, compact, and easy to attach. Its very obvious when installed improperly. Having to go back to a distal for a few days reminded me the new set of options I use with the RADS/Eddy when moving my [rope] tail around.
How efficient? I start to 'feel' the climb much further up the ascent, maybe 20-25 pulls instead of 15 or so advancing a distal with an ascender, foot loop or foot locking. That means its a lot more efficient.
[added:] I just did a 40' ascent and realized something. The arm I pull on the ascender moves in the range of like a pull-up. The the other arm goes from a little below fully extended to fully extended down my side. Twice the motion but half the load, and thus both sides exert about the same amount of energy. As long as the slack is tended, which is what the RADS does, on the Eddy I can stop at any time during the pull and not lose any distance. How many times have you been in a position that you have to waste a pull because something didn't advance right.
Working in the tree with the Eddy is amazing. I can adjust my work position up OR down much finer, using the lever or thumbing the cam.