Just throwing my .02 (from experience) in here.
I bought an L5 from a local dealer to "take a chance" and see how it was. For the price (and the fact that I could return it) I figured what the hell.
First of all this is not a "professional" review. I am just an old soldier that likes to shoot.
I have it mounted on a Savage 10 PC in .308 with about 150 rounds thru the rifle with the scope on it. First impressions were good, looked good, glass was clear, fit and finish were very good. After mounting I took it over the hill and sighted it in at 100 yards. My targets are 12x12 with 4 bulls eyes 8 inches apart. So I did a pseudo box test. As mentioned above it's not moving to the extremes of the adjustments but it's more than the 2.5 MOA in the aforementioned video. No issues there either.
I then went to a friends place and did some longer range shooting. Started at 200 yds and went up to 600. Could have went farther but "the cows moved in".

Anyway, the scope performed well for me. I was using a combination of a data card and a range finder to verify for the adjustments. Turned out well, I was able to put the first shot on steel (12Wx20H) out to 500yds and took an extra 2 shots at 600yds, which was my mistake with the turret, but once it was right it was on. The adjustments on the scope were accurate and predictable. As to the 1/8 moa adjustments... I could see where in a truly tactical situation where you did not want (or could not) take your cheek from the rest to make the adjustments it would be a little painful, but as a "normal" user in a "fake-sniper" situation it's no problem. The turrets are clearly marked and adjusting 18.3 MOA for example is as easy as 2 revolutions, 2 moa and 2 clicks. Takes seconds... would it be easier on a 1/4 MOA...yes... but IMO not a reason to bash the scope.
I only used the reticle for windage a couple of times to check it out. Nothing real exciting there, normal holdover. BTW the tiny reticle specs mentioned above are only online. The manual that comes with the scope has a readable version. That's not to say the one online should not be changed, but at least when you spend the money you get one that you can read.
All in all (especially for the money) I have no complaints with it. Maybe that will change when we go back out and I try and stretch to 1000yds, but for now IMO it's worth the money.
I personally think it's a good choice for a "mid-priced" mid to (hopefully) long range scope. Not saying that it's going to stand up to a $4K Zeiss for example but at 10 times lesser cost it does a damn fine job. Don't be afraid of it.
