Whenever a product like this shows up here, I find myself waiting for the security guys to show up and explain why it's terrible.
I would still prefer https://www.passwordstore.org/ though. I like the ability to insert a new passwd without having to type a passphrase. And it's more robust because updating 1 password only rewrites 1 file, whereas with passmgr the whole file is rewritten. This also mean the passwordstore data base is easier to revision-control and sync across multiple machines. Finally with passwordstore I can update my passphrase by simply changing it on my PGP key ("gpg --edit-key $id" and use the "passwd" command.) But with passmgr there is no mechanism to change it (every entry would have to be decrypted and re-encrypted.)