Borg is hands-down the best backup utility I've used. I also use Borgmatic for some added niceties around checks/notifications/etc.
It just lacks terminal-based registration. :-) You could use the GraphQL API to manage everything from the command line if you really wanted.
Borg needs a "smart" backend with a filesystem, so it can't use only object-storage.
It is also very easy to setup a pruning policy for old backups, so that you can say that you want to keep one backup per day for 90 days and after that only one backup per month for 2 years.
Borg runs a binary on the server to do this, that's why it can't easily back up to S3 et al.
Restic also starts uploading changes as soon as it sees them, whereas borg has to scan the entire list of files before it starts uploading changes. Unfortunately for multi-tb datasets with millions of files, borg would take hours just to scan all of the files.
Pruning old archives also worked a lot better in Restic compared to Borg.
If you're happy with Restic, I'd keep sticking with it.
I don't know if it's an option for you, but have you considered something like rsync from each server to a central backup server and then running restic/borg/whatever on that server? Sometimes that works out nicely too, and would be less impactful to other services on the machine.
What did you switch to instead of restic, if you don't mind me asking?
I was using restic and switched to borg because of that and could save hundreds of gigabytes.
Most large files are already in compressed formats: mp4, zip, tgz, jpg, etc.
What you _really_ want is deduplication (which restic does), so that chunks are only stored once, even if multiple machines sharing some data back up to the same repo. Dedup saves me about 30% per backup repo in my own experience.
Not saying compression wouldn't be nice (to have done properly, it is somewhat at odds with encryption), but I'm just saying I don't think it's worth making it a #1 deciding factor.
If I was backing up a single computer, compression would matter more to me. But if I'm backing up 10s or 100s of servers, there's going to be a lot of duplicated data that would make a much bigger difference.
Borg is a fantastic tool but the time it takes to start and parse the files req on a large system negates the benefits of compression for me unfortunately.