I have this mixer and also the 1002 model from Behringer. This one is more versatile since it has more mic inputs and the onboard effects. I don't anticipate using any effects other than the reverb for what I want to do.
The EQ works well, I was able to use it and a matching transformer to get my acoustic/electric sounding good in the board.
You get 2 sets of outputs, plus a record out, plus headphones, so you could use this for recording yourself, recording a band, or running live sound with front of the house speakers and monitors.
There is a slight limitation in that you can only do one monitor mix ... it will just be what you are sending to the FOH. Same thing for the headphone jack, but for a lot of purposes, such as solo or small group, this should be fine.
I think the FX can be assigned or not assigned to the Control room set of outputs, so that might be useful if you want to put a lot of reverb on the singer's voice as he sings, but not put that on your recording. ( John Lennon liked lots of reverb on his voice, and I like having it on there too in my headphones as I track. )
You also have FX send , which you have to return to another channel, so if you have a great effect unit you want to use on one channel, you can patch that in. I like to use the onboard reverb, with just a small amount on the guitar, and a little bit more on the voice to sweeten the sound without being too obvious on the recording.
I am using it for home recordings of practice sessions and songwriting. I plan on using this or the 1002 for live sound - vocals and acoustic guitar, banjo and mando - with my powered speakers and perhaps a sub.
It also has phantom power if you need that for your mic. Mine are all dynamics, so can't really say much on that besides the fact that it is there on your mic inputs.
Easy To Use