I have seen these around and they looked like a decent budget scope. Apparently a few different manufactures make them and now they offer a 5.56 version.

Does anyone have any experiences with this optic? For the money, they seem like they might be okay for a limited/light use setup.

You can find some pretty good Optics for about $200 buck's I would not go with leapers or any of what you are asking about but you can find some nice Red dots and scopes for a good price.. nothing that I would trust my life on or that would withstand abuse.. but if you are looking for somthing to use at the range and just for plinking then yeah just look around. I really dont wanna say any brands cuz I have not used much cheap optics so I would not know how good they really are and what the top brands you would wanna go with but just try to stay away from fake aimpoints and stuff they tend to be the worse then cheap brand optics..