We were between the Lumify and the Butterfly IQ for POCUS/FATE type activities in the PACU and Pre-Op area. I was a huge fan boy of the Butterfly initially until they released the full details (subscription, etc.) and I got more experience with the image quality. This information is from when I went through this probably 9 months ago so maybe some things have changed.
The Butterfly required a subscription to their cloud image storage servers and what have you. The Butterfly was decent for lung ultrasound, vascular access (mainly larger vessels and arterial access), ok for abdominal ultrasound. The TTE/Cardiac imaging was lacking, resolution was not great and kind of an eye-squinting qualitative assessment.
I found the Lumify to be overall better across the board in terms of imaging, for us the quote for buying the Lumify outright, which came with a iPad-like tablet as well was around $7,000. This price will vary hugely based on your institution.
The deal-breakers that made us go with the Lumify over the Butterfly were the following:
1) Lumify had overall superior image quality, especially with the FATE/TEE aspect compared to the Butterfly, this was where it really mattered.
2) The Butterfly subscription service was mandatory and was deemed "not worth" the trouble by IT of having to work it into out network and people did not like the idea of images being stored on a cloud server that was Butterfly's, and our device/budgeting committee was not willing to pay for a mandatory subscription plan that we had deemed we would or could not use.
I did not experience actual overheating but the probe does get surprisingly hot (like an old laptop charger).