I've got it on a small network with 2000 members. It does the job we need it to do just fine one you set it up. One big drawback (for me anyways) was setting up fields for the sign-up process.
We needed to specify country and then if U.S., the state - you have to go in and add 1 field option per state and then manually type them 1x1 and God help you if you're adding the 43rd state when you notice you forgot to add Arkansas to the list!
Could be easier to template as well.
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