Thing is....Its nice to have but I can not recommend to anyone spending $150 on it
I absolutely would, with the caveat that 'value for money' is a colossally subjective thing.
For me the Elite controller completely transformed my console gaming, making it a physically more comfortable/pleasant experience, as well improving my game performance. The comparison I tend to use is with a decent multi-button gaming mouse; the Elite pad gets a console experience closer to that, and the simplest example to provide is being able to keep moving and looking whilst either looting, activating, or reloading.
When vanilla pad owners are forced to remove their thumbs from either stick, Elite users can typically just keep moving, orienting the camera, and then using the paddles or bumpers/triggers all at the same time. Essentially it allows for a degree of control fluidity - ergo performance - that's impossible when restricted to using your thumbs for both sticks plus the d-pad and four face buttons.
It ideally should constitute a revolution in conventional pad design and use (i.e. all console pads start to feature paddles).
...but it won't, because Nintendo are off in the corner doing their thang, and Sony - despite functionally have a more versatile vanilla pad than MS - seem incapable of iterating away from their 'iconic' layout.
So yeah, personally I couldn't recommend it high enough. I've been gaming since the mid/late '80's, and the Elite pad's by far the best I've ever used, and it's genuinely going to be quite hard to re-adjust if the next gen (provided there is such a thing for MS) doesn't also offer a superior alternative to outdated vanilla designs. If that happens I may simply jump ship to PC gaming, as I think I'd prefer to adapt to keys'n'mouse than put up with old pad layouts.
That said, HOTAS all the way for Elite Dangerous. I deeply miss an analogue headlook, and I absolutely loathe using it for menus and outfitting, but overall it's just night and day in terms of precision as well as immersion (though the former is an objective improvement, and the latter is incredibly subjective).
...although the Elite pad will benefit every single game someone plays on Xbox (or PC, even), whereas the HOTAS is really only restricted to Elite [Dangerous] at the moment, so in that sense I'd still say the Elite pad's better value for money - so long as someone uses their Xbox for more than just flying spaceships.