... and of course several advantages: It is even thinner than the already slim automatic Primero, and - to put it into a trivial phrase - what isn't there, cannot fail. Consequently, you do not have to think about a possible defect in the automatic winding system (not that I ever heard about one, though).
Personally, and I mean: personally, I am not a fan of the cal. 420 handwinding movement, for two reasons:
1) The El Primero was named "Primero" because it was the first automatic chronograph movement. If you delete the automatic winding system, you also delete the sense of "Primero"; it is then one of thousands of manual-winding chronographs, not more.
2) The hand-winding El Primero is not a beautiful movement.
Partially responsible for its success was the Primero's well designed integration of the automatic winding geartrain into the chronograph movement, resulting in a thin movement, that is still service-friendly. This means, removing the automatic winding parts results in a large and weird-looking gap. the pictures shows that even an empty screwhole is present, where another automatic winding bridge should be. The various engravings do not really make the empty lump of metal more beautiful.
Having phrased my personal aversion against the manual-winding "Primero", I can indeed say a few words regarding the watch model you asked about. If I checked the reference number given correctly, I had the automatic version of this watch. It is part of the "Class El Primero" series of sportive, yet elegant timepieces. The water resistance is indicated with 100 meters. However, its snap back, the unscrewed crown and the shaped pushers dictate some caution in this respect. If you intend to use the watch for swimming, make sure to have a water tightness test conducted at least once a year, and have the gaskets replaced every three or four years.
Other than that, the wearing comfort is great, the watch is small, compared with today's standards (under 40mm diameter). The steel bracelet is good and comfortable, and looks attractive. there is no quick size adjustment in the clasp. Legibility is absolutely great, at night and at day.
One thing that was a certain problem of the manually wound Class EPs: the crown was rather small, later models had a wider crown. Since the winding of the movement is a bit rough, the crown did not really make it a pleasing activity. I suggest you check this yourself.
Hope this helps,
Marcus