How does that work for back health? Sounds something that will cause extra strain in an unstructured way.
The weight needs to be high up on your back and as close to your body as possible (there is some debate on this but in general that is what most people believe).
Also I don't have a citing on this but I'm fairly certain most people have back problems not from carrying heavy weight on their back but rather sitting down too much and picking up the weight incorrectly.
I recently picked up a GoRuck GR1 [0] -- it's an amazing bag for everyday use. They also sell weighted ruck plates that fit the rucks and keep the load close to your body.