I, for example , i'm scared of using YouTube alternative clients like re(vanced) et simila, i'm personality scared to have my youtube/gmail account banned.
You can make playlists in it and track your history (locally), so I don't think it's inferior to the official app. On the contrary.
Also, these new Android phones have the option to modify which app opens youtube links by default, so it's easy to just list Newpipe instead of the official app.
The only downside are downtimes a few times per year when YT changes something and Newpipe devs are making a fix, which never took more than a few days.
I've been permanently banned from Reddit for really dumb reasons more times than I can count. The first time, I was sad. Now, I know it's a war between users and admins, and an individual account isn't worth very much.