any given situation.
at startup.
try "where the load may be shorted, ever"
nor is it appropriate when you care about load regulation, line regulation or efficiency
his current-limited version is even worse. when current limiting into a short, it turns into a linear regulator......full current, full voltage.
yes there is indeed such a thing as BAD, and this circuit is one example. Its OK if you are a hobbyist, and really dont care much about how well your circuit works (Mr Blacks push-in prototype board construction is a great example) or what the reliability is like; conversely for a real application, its a disaster.
Cheers Terry