[Elecraft] The case for a Panadapter - opinions, please?

[Jim Lowman]

I'm basically a S&P operator, especially in contests.  I've found that 
calling CQ is something of a waste of valuable time.

When I see options like the Panadapter, or bandscopes from other 
manufacturers, I get the metaphor of fishing in a stocked pond.

So, for those of you who have this option, could you describe how it has 
assisted you?
In another message, someone mentioned that weak stations outside of the 
passband could be missed, which is a good point.

BTW, I'm not opposed to giving the good folks at Elecraft more of my $$$ 
if this is a good idea.

Thanks in advance and 73 de Jim - AD6CW