It depends on what you compare it to I guess but it's better than peat because of its higher CEC(cation exchange capacity) value it's superior in feeding rates and nutrient uptake. You can add organic additives like humic acid and kelp without having to worry about root rot, pathogens and only see positives.
Negatives is you constantly have to chase and monitor runoff pH to try to reach the optimal pH in the medium. In Aero you only have to focus on the nutrient solution being clean and pH stable. You don't have to take the minerals that's naturally in coir into consideration, how coir naturally breaks down and how that may affects pH because you have no medium.