I have an original unibit, given to me by the manufacturer (my stores carried them when they first hit the market) and three cheap knock-offs from HF.
They all work great.
A unibit can put a perfectly round hole in an aluminum soda can. Try that with a regular bit.
They also work really well in wood. I can punch a 1/2 inch hole in a two by four faster with a unibit than with anything else.
Also great for plastic, sheet metal, aluminum, wood of every hardness and even steel.
A down side, using one in my drill press I accidentally punched a decent size divot in the thick steel backing plate. Didn't notice the hole wasn't centered and the unibit went right into the steel.
I’ve had the original one since the mid 80’s and never hurt or dulled it. You can still drill paper or tin foil with it with no distortion.