I use panniers for holding my clothes, computer and lunch when riding to work, but I was looking for something more easily accessible to hold a mini-tool, tube and pump as well as my phone, wallet, keys, etc. This holds much more than a saddle bag and is easier to access than panniers. I have found it to be quite waterproof. Only minor complaint would be that sometimes the ends of little straps that attach it to the frame come untucked and can be annoying when you leg hits it while pedaling.
A must have for efficient gear organization on the bike frame, especially during long days or tours. Clothes, food, electronics, whatever fits and requires quick access. Usually works with two water bottles on the down and seat tubes, depending on bike type. I have used Wolf Tooth B-RAD 2s to lower a bottle mount on the seat tube for clearance on the bottom of the frame bag. Bag is extremely water resistant and have not had any issues with my two, (Surly Straggler and Wednesday).
Great addition for gravel races or centuries in changing conditions. Holds spares and provides a place to stash layers and food. Does make bottles a little hard to get to, but you should be using a bartender or feedbag on gravel, anyway. Size L fits 56cm Surly Midnight Special, 58cm Salsa Colossal, and Size L Salsa Fargo.
Excellent quality materials and construction. Very secure fit on the frame, it doesn't shift around while riding. Lots of room for spare tube, mini-tools, co2 andor pump, snacks, jacket, etc. This replaces a seat bag and more!
I wanted a smaller frame bag for my fat bike(Trek Farley, size XL) so I didn't need my hydration pack. Good size for spare tube, pump, multitool and spare windproof jacket, but it gets tight. Would be nice if it was a tad larger so I could fit an extra pair of gloves. I'm very happy with it and didn't want a full frame pack.