The use case is very specific: high volume repetition of the same torque in the field. They aren't building rockets, they are building solar arrays. I think this is far better than the 2 step process and +/- 10% is fine for that application. As with a manual torque wrench the accuracy probably gets worse the further you are from its calibration point.
Don't forget the average monkey just holds the trigger until it stops, which can strip a lot of smaller fasteners. I even saw a video recently where the revered A-Rod was torquing down a PPE transmission pan (in a circular pattern too!) with a Milwaukee mini-impact and I cringed at the thought.
It sounds like there's some setup involved so this isn't something you should just whip out and trust like an adjustable torque wrench. I agree with you it shouldn't be confused with an assembly tool, but those aren't practical in the field either.