Is it perfect? No, but it's more than enough to cover most brief outages, and also more than enough to allow you to shut down everything you're running gracefully, after you used it for a couple hours.
Major caveat, you'll need a 240V supply, and these guys are 6U, so not exactly tiny. If you're willing to spend a bit more money though, a smaller UPS with external battery packs is the easy plug-and-play option.
> How bottomless of a pit it becomes depends on a lot of things. It CAN become a bottomless pit if you need perfect uptime.
At the end of the day, it's very hard to argue you need perfect uptime in an extended outage (and I say this as someone with a 10kW generator and said 6kVA UPS). I need power to run my sump pumps, but that's about it - if power's been out for 12-18 hours, you better believe I'm shutting down the rack, because it's costing me a crap ton of money to keep running on fossil fuels. And in the two instances of extended power outages I've dealt with, I haven't missed it - believe it or not, there's usually more important things to worry about than your Nextcloud uptime when your power's been out for 48 hours. Like "huh, that ice-covered tree limb is really starting to get close to my roof."