If you like it better, it is better.
If not, it's not. But evidently, it is for your friend.
While I don't use one at present (nor own one at present) I've stayed at a place where a percolator similar to the image was the only option for coffee, and it was fine. I've also had percolated industrial-scale (30 to 50 cup percolators) coffee that rates quite decent (though that also depends on operator and ingredients - I've had terrible coffee from the same machines.)
Of course, when and where I grew up, a smallish percolator like this WAS the "regular coffeemaker" in the majority of houses, and a huge one was standard at larger gatherings. I think ours had the "glass knob on top where you could see what color the coffee was" feature this one lacks. Automatic drip was years later, at least in our area. Weird radicals used a Chemex. But I did not return from staying at the place with only a percolator and go out to buy one (dirt common in second-hand stores, cheap, as the generation that had them and hung onto them are dying off and having their houses cleared out.) Not quite that nostalgic a taste for me.
Currently drinking French press, most days. Next year, who knows?