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Zstd can achieve good compression ratio for many data patterns and is super fast to create, and decompresses at multiple GB/s with a halfway decent CPU, often hitting disk bandwidth limits.

I've never tried lzop or met someone who advocated to use it. Needs research, perhaps. Until then I'm healthily skeptical.

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LZO has been around since the 90's. There are multiple distros which use it (as an option) for archive downloads. It was the recommended algorithm to use for btrfs compressed volumes for years. It's pretty standard, about as common as .bz2 in my experience.

LZO has been around for 25 years if that helps.

I've also used it especially when resources are constrained (low performance CPU, ram, or when executable size really matters)

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