Personally I think it has the hype but for weight issues it has been blown away by modern meths burner systems for shorter trips (even by more simple gas burner systems)...
Meths is only beneficial for very short trips indeed. If you are only going to do one boil, then yes, a 35g stove (obviously NOT a trangia) plus 30mls of meths is the lightest option. But it is very quickly outperformed by lightweight gas systems, as soon as you want to go much above 3 or 4 brewups. Even then, this is only possible because you casn carry very small quantities of meths. As soon as you break the 4 boil barrier, gas becomes massively more efficient/poweful/convenient/clean. You have to be ultra-focussed on weight and on a very short trip indeed, to consider meths the better option IMO.
Stove + 100g gas cannister comes out at about 175g for the lightest gas systems.
The lightest alcohol stoves plus pot support, come out at about 50g.
That means meths only saves weight providing you are carrying less than 125g (including bottle) of fuel. The most efficient meths stoves use about 20 grams just to boil a mug of water.
I love the Jetboil PCS. It's not the lightest, or the most pwerful, or the most versatile, but it ticks enough of those boxes to be a contender and it's definitely the easiest to use. There are times that messing with a coke-can meths stove is fun, as is pumping away on a 100 year old paraffin burner, but sometimes, you just want a cup of tea. In real world use, whether it's knocking up a quick brew on the tailgate of a Landy, making a pot noodle for lunch on a day hike or brewing your bedtime ovaltine inside a cramped 1 man tent, the jetboil PCS wins the "most convenient" vote by miles. Ultralight purists can criticise it, gourmet cooks can criticise it, but as I'm niether, I think it's a brilliant bit of kit and I thank the stove-gods for giving it to me.
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