Used it for several years for utility cordage, food bag hanging (mainly rodents), etc. Its convenient on the spool. I like that it's so cheap I cut what I need and discard later once it is no longer useful.
IF you want to lighten up a little for similar cost, try braided masons twine. Available at some Walmarts in the tools section and as trot line in the fishing section. Don't get the tarred line though, it's stinky. Home Depot and Lowes have it in the line section, usually in pink and chartreuse green. I found dark green by looking around. Fairly strong, fairly tangle resistant, but not as much as the diamond braid you have, pretty light, lots of footage, uses. Some are rated at 180# break strength IIRC, spliceable if you're very patient AND a good splicer.