The AUR, along with Arch's minimalism, is one of my favorite things about it. Instead of cloning the source repo, reading the build instructions, building, and then installing, I download a script, read it to make sure it looks okay (e.g. the source points to what I expect), and then `makepkg -si`.
> The way I see it installing software from the AUR is about as safe as installing software from the pirate bay.
No, if I trust the source - and I often follow the source link to GitHub to check out the project - then it's like one of my distro's packages, except I'm the one saying it's safe for me to install. I'm not claiming it's risk free, but it's been a great boon to me. (2)
2: I used the AUR to compile and install Goldendict-ng, a fork of the dictionary software Goldendict that's being maintained. It accepts my Stardict converted-from-Apple dictionaries and supports Wayland!