The WA Panoptic is easy to use and provides a much better (larger field-higher magnification) view of the fundus, and works well thru small pupils. It is like those older monocular indirect scopes that WA used to make, but better ergonocially and optically. I especially like the continuous dioptric control, so much nicer than the discrete steps of the diopter wheel on standard direct scopes.
This is a lot easier to use than a binocular indirect. It lacks the stereo view of the BIO, but the image is not inverted. Sure, you can do more with a slit-lamp and accessory lenses and a BIO with hand lenses (my favorite is the Pan-Retinal), but this stuff is cumbersome, expensive, and requires a lot of skill to use. The Panoptic scope is easy to use in the clinic, the ER, and at the bedside. Well worth it in my opinion.
BTW, the new WA Macroview Otoscope is a great imprrovement over the conventional otoscope. Continuously variable focus and better view. Considering that good conventional sets cost around $500 and that you can get the Panoptic-Magnaview set for $800-900, the extra expense is worth it.