A long time ago I too almost fell for the IQ Pack. I'm so glad that I didn't. Since then, I have had to cut at least two of these things off my buddies' rigs and helped them web a one piece hog harness. I don't mean to disparage anyone's favorite piece of gear, but you asked...so here goes...
IMHO, it is a confused, tangled contraption. What additional ease in adjusting it offers, I believe, is totally overshadowed by the mess it makes. Buckles and clips everywhere...straps taking off in this direction and that. Just take a look at the online OMS harness setup guide...4 pages. Geeze! No thanks.
I agree that it makes transitioning between different exposure suits easier and that it is much quicker to adjust a proper fit when swapped back and forth between different people. It is also easier to take off...just hit one of the quick releases. But it is not any easier to put on...in fact, I would say just the opposite is true.
I personally don't think these advantages are worth putting up with the mess it creates. Plus, one could make a strong argument that different exposure suits require different plates. So, once you have your Al plate plate and hog harness setup for your 3mil shorty and your heavy SS plate rigged for your drysuit, no further adjusting is necessary.
Dirt makes a good point, too. Tobin's plate is relatively painless to re-size...mostly because his plate inserts allow for sliding the webbing as opposed to having to futz around with the more traditional keepers. Mind you, it's not nearly as easy as tightening up or loosening the IQ pack, but as far as switching back and forth between YOUR personal exposure suits is concerned, as long as you mark the webbing it goes pretty easy. Besides, you may always dive in the same outfit, in which case this point becomes moot.
Some guys will hit you on additional failure points created by the IQ packs plastic buckles. While I doubt that this is a serious danger for recreational OW diving, there might be a time when it will ruin your day. They simply aren't needed.
BTW, I think OMS has some very nice stuff. I think their single wing is great! This just wasn't one of their better solutions.
Besides, OMS as a company is just plain silly, IMHOAE. I can't think of a company that is more frustrating to deal with. Sorry. With so many fantastic choices out there, there's no way I could recommend them to anyone.