We use this.
There is at least one problem I can remember and that is the "subscriber" only gets notified it the inventory update is done via the admin form.
If you are uploading items via CSV then the subscriber is not notified. We had to get this part working. We spoke to the developer and he was not interested in fixing this. He said it wasn't a bug!!.
I seem to remember that there was another problem as well but can't remember what it was.
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