This is better priced than Opus for tasks that are token heavy but not complicated. But a quick look shows that at least on some benchmarks DeepSeek performs as well and of course the cost is an order of magnitude less.
From looking at their Terminal-Bench graph, anything you would use level "high" or above for Sonnet it seems like you should consider using Opus instead.
OpenAI Luna is a lot cheaper. But DeepSeek seems smarter and the cost seems similar.