I supply them so am biased!
however heres my honest opinion. They are not competition to LML. The LML customer & the Neco customer are after different things. The type of person who wants the all steel manual classic isn't going to be interested in Neco, more the general commuter that wants a retro hack to get them to work. We lose sales to 'ordinary' and I use the term lightly, customers, because they will not entertain a gearbox. It is what it is and they have done a pretty good job on it. Also the 50cc version def has no LML alternative so I can't see a contradiction. Theres no point in us supplying two similar makes of scooter, doesn't make business sense to create inernal competition!
For the actual bike I can't see any problems. It's got tried and tested engines, good build quality and looks good. The tyres are simply superb and the brakes are over efficient. Like any auto a bit dull to ride but thats what the general commuter wants.
If I was an ordinary Dave or Tracy that had a fear of manual shift (it exists), didn't want to have the scooter experience but just wanted a stable reliable retro hack to do that 10 mile jaunt each day then yes, it is good, very good.
Personally for me of course it's LML all the way to the gates of hell and back!