It, and more generally similar units from Anritsu, have pretty good RF performance - a low DANL, a full range of RBW options, basic demodulation, power measurement, and analysis tools, but it will be a slower sweep speed with fewer input/output options than a fully featured desktop unit. In my experience, these earlier generation handheld units are also a little slow to respond - the E series with the touchscreen is noticeably more responsive and personally, I think it adds a lot to the feel and usability of it. The older models will do most of the same stuff and with the same accuracy, but they are less of a pleasure to use.
As to whether this one will have an issue - you have to be willing to accept the risk. While its self test is at least as comprehensive as any other spectrum analyzer, Anritsu generally doesn't release repair manuals or offer service information aside from board/assembly replacements (and probably not on a unit this old), and these handheld analyzers are highly integrated, so probing and troubleshooting may be more difficult than with desktop SAs should you find the need to. If you need an SA and this would be your only one, I wouldn't buy one that hasn't been tested to be good, but if you've got a fallback or are dipping your toes in and don't have a solid use case, maybe the gamble can be worth it.