They expect you to do just as you said -- replace one or two meals, specifically the ones where you're in a rush or in the middle of something (work, etc.) and you would've otherwise grabbed a reheatable lunch or some kind of unhealthy fast food.
I'm sure soylent has many nutrients I'm not getting enough, but might also miss rare unknown nutrients that body needs in minimal quantity - not to be confused with homeopathy principles, I'm talking about quantifiable quantities of chemicals - I think the first iteration had a similar issue, lacking sulfur or something. because even stuff bad in quantity might be of use to the body and we don't yet know 100%
but since we do know that we get by nicely with incomplete diets, I see no drawbacks to a mixed soylent diet.